The order of the Commissioner Appeals was appealed against before the Income Tax Appellate Tribunal hereinafter referred to the Tribunal which companyfirmed the order of the Commissioner Appeals and dismissed the appeal filed by the Revenue.
However, the Revenue challenged the said order before the High Court which companyfirmed the orders passed by the Commissioner Appeals and the Tribunal while dismissing the Tax Appeal filed by the Revenue.
S. SIRPURKAR, J. Leave granted.
The only question in this appeal which has been filed by the Commissioner of Income Tax III is as to whether the respondent assessee is liable to pay the penalty amounting to Rs.11,37,949/ under Section 271 1 c of the Income Tax Act hereinafter referred to as the Act ordered by the Assessing Authority.
The Commissioner of Income Tax Appeals , however, deleted the said penalty.
