2023 (9) TMI 889

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....Sr DR ORDER PER N. K. BILLAIYA, AM: ITA No. 1082/Del/2023 to 1085/Del/2023 are four separate appeals by the assessee preferred against the four separate orders of the CIT(A)-24, New Delhi dated 22.02.2023 pertaining to A.Y. 2013-14 to 2016-17. 2. The common grievance in all these appeals relates to the levy of penalty u/s. 271 (1)(c) of the Act though the quantum of penalty may differ in each ....

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....lty was accordingly levied being 100% of the tax on the income sought to be evaded by furnishing inaccurate particulars of income. 7. We have given a thoughtful consideration to the assessment order and also the order levying the penalty read with order of the first appellate authority to confirm the levy. 8. We are of the considered view that initially the AO has initiated the penalty proceedin....