2014 (11) TMI 636

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Judgment of the Court was delivered by R. Sudhakar, J.) The issue raised in the present appeal concerns with the imposition of penalty under Section 271(1)(c) of the Income Tax Act by the original authority against the assessee pertaining to the assessment year 2006-07, pursuant to a search operation conducted in the premises of Mr.K.Sundarraj, the father of the appellant, on 21.9.2005 and foll....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ered by us in the assessee's own case in T.C.A.Nos.608 to 613 of 2013 dated 25.8.2014, wherein it has been held as follows:- ''10. In the present case, we find that the assessee had not offered any explanation either during the assessment proceedings or during the penalty proceedings regarding the unexplained cash deposits.  The assessee had also not disclosed the said income i....