2019 (5) TMI 105

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....R ORDER PER RAJPAL YADAV, JUDICIAL MEMBER : Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-4, Vadodara dated 5.1.2017 passed for the Asstt.Year 2010-11. 2. Sole grievance of the assessee is that the ld.CIT(A) has erred in confirming penalty of Rs. 1,02,800/- imposed by the AO under section 271(1)(c) of the Income Tax Act. 3. Brief facts of the case are that....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s.) Amount of addition made by the AO (Rs.) Brokerage on purchase of land 39,000/- 9,750/- 29,250/- Earth filling, fencing and security charges for the year 2008- 09 and 2009-10 12,67,472/- 7,43,870/- 5,23,602/- Brokerage on sale 1,50,000/- 37,500/- 1,12,500/- Total     6,65,352/- 4. The ld.AO thereafter initiated penalty proceedings ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ference to the assessment order. We have perused the assessment order. The assessee has nowhere admitted that he has furnished inaccurate particulars. What the assessee has admitted is that, in case the expenses are partly disallowed, then he did not dispute. It could not be construed that the assessee has admitted allegations that he has furnished inaccurate particulars. The AO has nowhere bro....