2023 (1) TMI 40

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.... CIT And Shri M.G. Jasnani ORDER PER BENCH : These assessee's four appeals for assessment years 2006-09 to 2009-10, arise against the Commissioner of Income Tax, Pune-11's separate Din and Order Nos.ITBA/APL/S/250/2021-22/1039762278(1), ITBA/APL/S/250/2021-22/1039763122(1), ITBA/APL/S/250/2021 - 22/1039763618(1) and ITBA/APL/S/250/2021-22/1039764256(1) all dated 15-02-2022, confirming the....

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....ed lower authorities admittedly hold that the said identical quantum disallowance indeed attracts the impugned penalty provision. This leaves the assessee aggrieved. 3. Mr. Jasnani at the outset filed before us this tribunal's common quantum order dated 23-03-2018 allowing the corresponding Revenue's appeals ITA Nos.1805 to 1811/PUN/2014 thereby restoring the Assessing Officer's action makin....

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....ly argued that the assessee's act and conduct in raising the impugned section 80IA deduction claim in section 153A assessment proceedings itself forms a sufficient reason to hold that 'it has concealed and furnished inaccurate particulars of its taxable income'. 5. We see no reason to accept the Revenue's stand. We make it clear that the hon'ble Apex court's landmark decision in CIT Vs. Relianc....