2017 (6) TMI 782

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.... against order of Ld. CIT-A dated 10.09.2013 and pertains to assessment year 2009-10. 2. The grounds of appeal read as under: 1.1 On the facts and in the circumstances of the case, the learned Commissioner of Income-tax (Appeals) -32, Mumbai, ["Id. CIT (A)"] erred in confirming the levy of penalty u/s 271(I)(c) with reference to a sum of Rs. 12,23,908 being the amount of addition to total incom....

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....er observed that if the details would not have been asked the said claim would not have been declared, hence he held that proceedings are initiated for furnishing of inaccurate particulars of income and making a wrong claim. In the penalty order the assessing officer held that assessee has concealed the taxable income. 4. Upon assessee's appeal learned CIT-A confirmed the action of the assess....