2025 (1) TMI 1727

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....een initiated and levied on the ground of furnishing inaccurate particulars of income ignoring the clear indisputable finding recorded in penalty order vide para no. 17 on page no. 16. Since initiation of penalty for one ground and levy of penalty on other ground is not permissible, I request Hon'ble Court to delete the penalty on this ground. 2. On the facts and circumstances of the case, the Ld. CIT(A) erred in law and facts by not deleting the penalty on the ground that issuance of final show cause notice (SCN) Dt. 29-04-2019 without mentioning the specific charge is invalid. Since mentioning of the ground on which Ld. AO wants to levy Penalty is a this is prerequisite and substantive requirement, which is not fulfilled in t....

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....turn of income was filed u/s, 139 of the Act on 19-07-2016 declaring total income of Rs. 18,54,950/-. The said return of income was processed u/s, 143(1) on 14- 09-2016 resulting in refund of Rs. 160/-. The case was selected for limited scrutiny on the ground that whether deduction from capital gain has been claimed correctly. The assessee declared heads of income from pension of Rs. 5,70,912/-, other source of Rs. 15,60,0000/- claimed deduction in chapter VI of the Act of Rs. 2,76,072/-. Further as per point no. B of Schedule CG-capital gain, return of income, the Assessing Officer noticed that the assessee has noticed that assessee has sold immoveable property of Rs. 2,31,00,000/- and claimed deduction u/s, 54 of the Act of Rs. 1,84,51,67....