2019 (4) TMI 1525

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....peal filed by the assessee against the order of Ld. CIT(Appeals), Ghaziabad dated 31.08.2018 for AY 2014-15. 2. The only issue involved in this appeal is that the CIT(A) erred in confirming the levy of penalty u/s 271(1)(c) of the Act. 3. The brief facts of the case are that in an assessment made u/s 143(3) of the Act the Assessing Officer completed the assessment at an income of Rs. 41,20,1....

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....ance the income of the assessee by Rs. 10 lakhs and also imposed penalty u/s 271(1)(c) of the Act for failure to substantiate the claim made in the return of income. 5. Before me, the AR of the assessee submitted that the Tribunal vide its order dated 17.01.2019 in ITA No. 4199/Del/2018 in AY 2014-15 deleted the addition of Rs. 30,19,500/- made u/s 68 read with section 115BBE on account of sale....