2016 (7) TMI 1500

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....sessee against the order of the Ld. CIT(A) dated 31.12.2015. The only issue involved in this appeal relates to the sustenance of the penalty amounting to Rs. 2,44,940/- by the Ld. CIT(A), imposed by the AO u/s 271(1)(c) of the Income Tax Act. 2. I have heard the rival submissions and carefully considered the same along with the order of the tax authorities below. I noted that in this case the AO ....

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....sp;                             Rs. 1,05,329/- iii) Tax sought to be evaded                                 &nbsp....

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....furnishing inaccurate particulars of such income. Thus there are two different charges in respect of which penalty has to be imposed. The charge of concealing the particulars of income is different from furnishing of inaccurate particulars of the income. Explanation I is applicable in case of concealment of particulars of income. In the case of concealment of particulars of income, the onus is on ....