TAHIR KHAN,JHANSI vs. INCOME TAX OFFICER-2(3)(1), JHANSI

In the result, assessee’s appeal is allowed

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2014-15

158/- under section 271(1)(c) of the Act, ignoring the settled position of law that penalty proceedings are quasi-criminal in nature and cannot be sustained merely on the basis of additions or disallowances made in the assessment order. 6. BECAUSE, the Ld. CIT(A) erred in not appreciating that the major addition of Rs.97,31,000/- made under