2019 (4) TMI 1133

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....P.C.: 1. These appeals are filed by the Revenue challenging the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short). 2. The facts being common involving the same assessee, we may notice them from Income Tax Appeal No. 1627 of 2016. 3. Revenue has argued following question for our consideration:- "Whether on the facts and in the circumstances of the case and i....

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....than one claimed by the assessee and computed consequential capital gain. In the appeal, the assessee could get only partial relief. In other words, the addition made by the Assessing Officer under the head capital gain was partially confirmed by the CIT(A) and thereafter by the Tribunal. 5. In the present appeal, we are concerned with the penalty proceedings. The Assessing Officer having impos....