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Penalty Deleted After ITAT Quashes Quantum Addition
Case Law Details
- Case Name
- ACIT Vs Lionbridge Technologies LLP (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All ITAT, ITAT Mumbai
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ACIT Vs Lionbridge Technologies LLP (ITAT Mumbai)
Penalty u/s 271(1)(c) Deleted After Quantum Addition Was Quashed—Revenue Appeal Dismissed; No Basis to Keep Penalty Alive
Assessment was reopened u/s 147 & completed u/s 143(3) r.w.s 147 on 29.03.2016 determining income at ₹20.64 Cr. Assessee succeeded before ITAT (in ITA No.610/Mum/2018 dated 27.05.2020), & quantum addition was deleted in full. Consequentially, AO levied 100% penalty u/s 271(1)(c) of ₹6,92,76,334/- on 31.03.2019.
CIT(A) deleted the penalty relying on the ITAT’s quantum order, holding that once ...
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