2011 (12) TMI 541

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....K. Seth and M. Seth for the Appellant. Smt. Paramita Tripathy for the Respondent. ORDER   1. All these appeals are filed by the assessees having been aggrieved by the orders of the Commissioner of Income-tax (Appeals) for the respective AYs . Since the issue in all these appeals are common being one and same, they were heard together and disposed by this common order for the sake of con....

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....tice to the assessees. A copy of the notice received by the assessee is made available to the Tribunal and after hearing the assessees, contention the Assessing Officer passed penalty orders against the assessees u/s. 271AAA of the IT Act. The learned CIT(A) has confirmed these orders of the Assessing Officer in the appeals preferred before him by the assessees against those orders of the Assessin....

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....by establishing the necessary ingredients provided in the penal provisions of Section 271AAA of the IT Act. Thus contending the learned AR of the assessee sought for cancelling the penalty levied against the assessees by allowing the appeals filed by the assessees. 6. Contrary to this, the learned DR has vehemently argued supporting the orders of the learned CIT(A) as well as the Assessing Offi....

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.... course of the search, in a statement under sub-section (4) of section 132, admits the undisclosed income and specifies the manner in which such income has been derived; (ii)substantiates the manner in which the undisclosed income was derived; and (iii)pays the tax, together with interest, if any, in respect of the undisclosed income." 8. In the present cases on hand, it is not the case o....