2019 (4) TMI 1029

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.... For the Respondent : Shri Shashwat Bajpai And Shri Sharad Agarwal, Advocates. ORDER PER G.D. AGRAWAL, VICE PRESIDENT :- This appeal by the Revenue for the assessment year 2010-11 is directed against the order of learned CIT(A)-1, New Delhi dated 13th June, 2014. 2. Following grounds have been raised by the Revenue :- "On the facts and in the circumstances of the case the Ld.C....

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.... (ii) ACIT Vs. Smt. J. Mythili - 35 taxmann.com 86. (iii) Smt. Kiran Devi Vs. ACIT - [2009] 125 TTJ 631 (Delhi). (iv) CIT Vs. S.J. Prasad - [2008] 220 CTR 169 (Ker). (v) CIT Vs. Smt. Meera Devi - [2012] 26 taxmann.com 132 (Delhi). (vi) Shourya Towers (P) Ltd. Vs. DCIT - [2013] 30 taxmann.com 10 (Delhi). (vii) Sanjay Aggarwal Vs. CIT - [2011] 15 taxman....

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.... i.e., Rs. 2,44,72,800 - Rs. 42,00,000/-. 5. At the time of hearing before us, it is stated by the learned counsel that no appeal has been filed by the assessee against the penalty sustained under Section 271AAA. Section 271AAA reads as under :- "271AAA. (1) The Assessing Officer may, notwithstanding anything contained in any other provisions of this Act, direct that, in a case where s....

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....ovisions of clause (c) of sub- section (1) of section 271 shall be imposed upon the assessee in respect of the undisclosed income referred to in sub-section (1)." 6. From the above, it is evident that Section 271AAA is an overriding provision and which is applicable where the search has been initiated under Section 132 on or after 1st June, 2007 but before the 1st day of July, 2012. In respect ....