2023 (1) TMI 40

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....R 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 Assessing Officer's identical action impos....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aid 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 making the impugned disallowance. We hardly find any rea....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ing 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. Reliance Petro Products (2010) 322 ITR 158 (SC) has settled th....