2014 (11) TMI 519

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ash C. Chhotaray ORDER P. C. 1 This Appeal by the Assessee challenges the order passed by the Income Tax Appellate Tribunal in an Appeal. That Appeal was filed by the Assessee to challenge the imposition of penalty. The Tribunal has upheld the order of imposing penalty. In other words, the Assessing Officer's order has been maintained by the Commissioner in Appeal and by the Tribunal in f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....factual materials because in Income Tax Appeal No.622 of 2012 decided on 11th March, 2014, the same had been recorded and referred. That was the Appeal by the very Appellant and to challenge the quantum proceedings. The Tribunal in para 5.2 of the impugned order has held that the Assessee indulged in an act which could be termed as deliberate. She presented not only a wrong, incorrect but a non-ge....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t grinders but only parts thereof. The claim was found to be untrue and tax and penalty were imposed. In Appeal before the Hon'ble Supreme Court it was argued that the case for imposition of penalty was not made out. However, the Supreme Court held that the items which were not included in the turnover were found incorporated in the account books. Where certain items which were not included in the....