2019 (9) TMI 189

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..... Anuragi, Sr. D.R. ORDER Both the appeals by different Assessees are directed against the different Orders of the Ld. CIT(A)-14, New Delhi, Dated 29.11.2018, for the A.Y. 2014-2015 and Dated 30.11.2018 for the A.Y. 2014-2015, challenging the levy of penalty under section 271(1)(c) of the I.T. Act, 1961. 2. Learned Counsel for the Assessee while arguing in the case of Smt. Amanpret Kaur r....

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....nalty proceedings are illegal and liable to be quashed because it is not clear whether penalty was initiated for furnishing inaccurate particulars of income or for concealment of particulars of income. He has submitted that issue is covered by the Judgment of the Hon'ble Delhi High court in the case of Pr. CIT vs. M/s. Sahara India Life Insurance Company Ltd., reported in 2019 (8) TMI 409 (Del.) v....

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.... (Kar), the appeal against which was dismissed by the Supreme Court of India in SLP No.11485 of 2016 by order dated 5th August, 2016. 22. On this issue again this Court is unable to find any error having been committed by the ITAT. No substantial question of law arises." 2.3. He has, therefore, submitted that penalty is not leviable in the matter. 3. The Ld. D.R. on the other hand r....