Penalty order based on revisional order of CIT was to be set-aside if said order was quashed by ITAT

IT : Where Commissioner passed a revisional order directing Assessing Officer to initiate penalty proceedings under section 271D, in view of fact that said revisional order was set aside by Tribunal, consequential order of Assessing Officer under section 144 read with section 263 did not survive and thus, penalty imposed in said order also deserved to be deleted

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