Appearance vs We Have Heard Ms. Mauna Bhatt

(Per : HONOURABLE MR.JUSTICE V. M. SAHAI)

1. We have heard Ms. Mauna Bhatt, learned counsel for the appellant and Mr. R. K. Patel for the respondent.

2. Admit.

4. We formulate the following substantial question of law arise in this tax appeal.

"Whether the Appellate Tribunal is right in law and on facts in reversing the order passed by CIT (A) and thereby cancelling the penalty of Rs.5,33,097/- levied u/s.27(1)(c) of the Act?"

5. Paper-book be ready within three months.

[V.

M. SAHAI, J.] [N.

V. ANJARIA, J.] Amit Top