The Tribunal held that that the order passed by the Tribunal in the appeals arising out of the assessment not having been reversed or modified by the High Court in any manner, the income added by the Assessing Officer but deleted by the Tribunal could not be considered for imposition of penalty for the simple reason that no such addition existed warranting the penalty. (AY. 2008-09 to 2010-11)
Maharashtra Academy of Engineering and Educational Research v.ITO (2022)97 ITR 31 (SN)(Pune) (Trib)
S. 271(1)(c) : Penalty-Concealment-Addition deleted-Income deleted by Tribunal could not be held as considered for imposition of penalty.[S.274]