2024 (11) TMI 27

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....r the Appellant : Shri R. Kumar, Advocate For the Respondent : Ms. Gouthami Manivasagam, JCIT ORDER PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order dated 22.05.2024 passed by the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre [NFAC], Delhi for the assessment year 2010-11. 2. We find that this appe....

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..... CIT(A) in confirming the addition to an extent of Rs.. 9,55,706/-. 4. The ld. AR Shri R. Kumar, Advocate submits that the ld. CIT(A) confirmed the addition to an extent of Rs.. 9,55,706/- for want of vouchers and the Assessing Officer initiated penalty proceedings under section 271(1)(c) of the Act for concealment of income. The ld. CIT(A) confirmed the same. The ld. AR argued that no penalty....

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....the addition to an extent of Rs.. 9,55,706/- as against the addition of Rs.. 1,11,44,117/- for want of evidence supporting the expenditure. The ld. CIT(A) on examination of the same, restricted the addition to the extent above which clearly establishes that the assessee succeeded in part before the ld. CIT(A) by producing relevant evidence in support of claim of expenditure. On perusal of the pena....