2024 (1) TMI 1507

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ITH INCOME TAX APPEAL (IT) NO. 1901 OF 2018 - -<br>Income Tax<br>K.R. SHRIRAM & DR. NEELA GOKHALE, JJ. For the Appellant: Mr. Suresh Kumar,. For the Respondent: Mr. Riyaz Padvekar, with Mr. Tanzil Padvekar & Ms. Tejal Kharkar,. PC:- 1. Appellant is impugning the order passed by the Tribunal on 8th December 2017 deleting the penalty imposed under Section 271(1)(c) of the Income Tax Act,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hile levying the penalty under section 271(1)(c) of the Act, in the order imposing the penalty for concealment has held the assessee to have concealed its income or furnished inaccurate particulars of income. In other words, the Assessing Officer has failed to come to a finding as to which limb of section 271(1)(c) of the Act has not been fulfilled by the assessee. In the absence of the same, we f....