2019 (1) TMI 1722

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....r, DR ORDER Per N. K. Saini, Vice President: This is an appeal by the assessee against the order dated 27.08.2018 of ld. CIT(A)-2, Jalandhar. 2. Following grounds have been raised in this appeal: "1. That the order passed by the worthy CIT(A)-2, Jalandhar, dated 27.08.2018, is against the law and facts of the case. 2. That the worthy CIT(A), Jalandhar was erred in law....

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....f the case in brief are that this case was reopened on the information received from The Kapurthala Central Co-operative Bank Ltd. that the assessee had deposited Rs. 25,30,000/- in his bank account. The assessee had not filed any return of income. The AO framed the assessment at an income of Rs. 21,44,271/- and also initiated the penalty proceedings for concealment and furnishing of inaccurate pa....

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....el/2016 for the assessment year 2010-11, order dated 22.11.2017. 6. In his rival submissions, the ld. DR supported the impugned order passed by the ld. CIT(A). 7. We have considered the submissions of both the parties and perused the material available on the record. It is noticed that an identical issue having similar facts has been adjudicated by the ITAT Delhi Bench 'A', New Delhi in the ....

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....s are as under which was confirmed by the Hon'ble Apex Court: "3. The Tribunal has allowed the appeal filed by the assessee holding the notice issued by the Assessing Officer under Section 274 read with Section 271(l)(c) of the Income Tax Act, 1961 (for short 'the Act') to be bad in law as it did not specify which limb of Section 271(l)(c) of the Act, the penalty proceedings had been init....