2009 (7) TMI 851

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ct"), against the order of the Income-tax Appellate Tribunal, Amritsar Bench, Amritsar, dated August 3, 2007, passed in I. T. A. No. 381 (ASR)/2006, assessment year 1994-95, proposing to raise the following substantial questions of law :   "1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in upholding the order of the Commissio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o cover up the discrepancies. However, the Assessing Officer made additions to the declared amount. Notice for imposition of penalty was also issued and order of penalty was separately passed.   3. The quantum matter is the subject-matter of I. T. A. No. 344 of 2005 at the instance of the assessee.   4. On appeal, the Commissioner of Income-tax (Appeals) set aside the penalty only on t....