2013 (10) TMI 158

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....the appeal preferred by the Revenue against the order of assessment being D.B.Income Tax Appeal No. 167/2010 came to be dismissed by this Court vide judgment dt. 18th August, 2010 reported in [2011] 33 ITR 174 (Raj) : (CIT, Jaipur-III, Jaipur Vs. M/s.Krishi Upaj Mandi Samiti, Shrimadhopur, District Sikar). As it reveals from the record, the assessment order was initially passed by the assessing....

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....the meanwhile, the Assessing Officer in accordance with the provisions of the Act considered the order of CIT (Appeals) and proceeded with penalty proceedings U/s.271(l)(c) and imposed penalty on the basis of additions sustained by CIT (Appeals) vide order dt.26th February, 2007. However, an appeal came to be preferred by the assessee before the CIT (Appeals) who vide order dt.l8th November, 2008 ....

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....t dt.l8th August, 2010 since the appeals preferred by the revenue have been dismissed, the present appeal preferred against the order of ITAT on account of these changed circumstances, does not hold any merit. However, the ITAT itself while dismissing the appeal vide order dt.20th March, 2009 granted liberty to the department to initiate fresh penalty proceedings U/s.271(l)(c) of the Act in case t....