SH. VIJAY KUMAR,PROP. ,MOGA vs. INCOME TAX OFFICER WARD-3, MOGA

In the result, the appeal filed by the assessee is dismissed

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

capital gain. Hence, the ratio of the referred case does not apply to the case of the assessee. Thus, there is no dispute over the fact that the assessee has furnished inaccurate particulars of its income to the extent of Rs. 5,51,827/- by submitting inaccurate particulars of income. Under the Circumstances the penalty levied under section 271

THE INCOME TAX OFFICER, JALANDHAR vs. SH. SARWAN SINGH PHILLAUR, JALANDHAR

In the result, the appeal of the Revenue is dismissed and appeal filed by the assessee stands allowed