2019 (1) TMI 745

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.... PER: A.D. JAIN, VICE PRESIDENT: This is Department's appeal for Assessment Year 2012-13, taking the following sole effective ground: "1. Ld. Commissioner of Income Tax (A) has erred in law and facts by allowing the ground no.12 of appeal of the assessee which relates to initiation of proceedings u/s 271(1)(c) of the I.T. Act, 1961, whereas the denial of exemption u/s 11 of the I.T. ....

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....imself confirmed the denial of exemption u/s 11 of the Act to the assessee, he erred in holding the AO to have gone wrong in initiating the proceedings against the assessee u/s 271(1)(c) of the Act. 5. Section 271(1)(c) of the Act provides for levy of penalty if the assessee has concealed the particulars of his income or has furnished inaccurate particulars of such income. In the present case, ....