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...., J.M. This appeal by Assessee has been directed against the Order of the Ld. CIT(A)-1, New Delhi, Dated 09th May, 2016, for the A.Y. 2005-2006, challenging the levy of penalty under section 271(1)(c) of the Income Tax Act, 1961. 2. The A.O. noted in the penalty Order that assessee filed return of income declaring loss of Rs. 9,69,924/-. The A.O. made addition of Rs. 10 lakhs on account of unexp....
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