2014 (8) TMI 349

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....umar Mittal And Jaspal Singh,JJ. For the Appellant : Mr. Sanjay Bansal, Senior Advocate with Ms. Rajni Pal, Advocate. ORDER Ajay Kumar Mittal, J. 1. This order shall dispose of a bunch of five appeals bearing ITA Nos. 123 to 127 of 2014 as according to the learned counsel for the appellant, the facts and issues involved therein are identical. For brevity, the facts are being taken from....

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....me Tax Act, 1961 while affirming the additions made by the Assessing Officer? c) Whether on the facts and in the circumstances of the case, the Tribunal was legally correct in sustaining the addition made under Section 68 of the Income Tax Act, 1961 by the Assessing Officer contrary to the principles of natural justice and in undue haste? d) Whether on the facts and in the circumstances of t....

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....statement of the assessee was recorded. Thereafter, the assessee filed his return for the assessment year 2007-08 declaring the income at Rs. 1,61,680/-. The Assessing Officer vide order dated 31.12.2009 (Annexure A-1) made an addition of Rs. 1,26,66,000/-. Since the assessee concealed the particulars of the income, penalty proceedings under Section 271(1)(c) of the Act were also initiated against....