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2015 (4) TMI 1184

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Full Text of the Document

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....espondent. Penalty for disclosure of additional income of Rs. 1,40,00,000/has been set aside by Income Tax Appellate Tribunal (ITAT). The perusal of the impugned order of ITAT dated 30.11.2012 for the Assessment Year 200708 shows a statement by assessee on 23.09.2006 which disputes addition but then spells out intention to buy peace of mind. The return was thereafter filed on 14.11.2007 and in i....

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