2009 (7) TMI 96

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....as preferred this appeal under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order of the Income-tax Appellate Tribunal, Amritsar Bench, Amritsar, dated November 27, 2008, passed in I. T. A. No. 109(ASR)/2008 (Deputy Commissioner of Income-tax, Circle-II, Bhatinda v. M/s. N.W.W., Bhagat Singh Chowk, Abhor), for the assessment year 2004-05, proposing to raise the follo....

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....see made a surrender with condition that there will be no penalty or prosecution. It has been found by the Commissioner of Income-tax (Appeals) as well as the Tribunal that the surrender was accepted. However, the Assessing Officer added taxable income over and above the surrendered amount, which was deleted by the Commissioner of Income-tax (Appeals) as well as by the Tribunal. 3. We have heard ....