2009 (12) TMI 24

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.... Agarwal Hon'ble Prakash Krishna,J. Hon'ble Subhash Chandra Nigam,J. This appeal has been filed under Section 260-A of the Income Tax Act, 1961 against the order dated 11th August, 2000 passed by the Income Tax Appellate Tribunal (Bench 'A'), Agra in I.T.A. No. 202/Del/1990. The facts of the case may be noticed in brief. On 30/31.05.1986, a search operation at the business and resident....

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....r levied penalty vide order dated 27st March, 1989, which has been set aside in appeal by the First Appellate Authority and the order of the First Appellate Authority has been confirmed by the Tribunal vide order dated 11th August, 2000 under appeal. In the present appeal, the following questions of law have been sought to be raised: "1. Whether Hon'ble I.T.A.T. was legally correct in allowi....

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....Shri Sambhu Chopra, learned standing counsel for the appellant and Shri R.R. Agarwal, learned counsel for the respondent/assessee. The Tribunal while confirming the order passed by the authorities below has noticed that the respondent/assessee during the course of search proceedings itself accepted the concealed income and filed the return even before the order under Section 132(5) was passed t....