SHRI CHANDAN BHARDWAJ,TARN TARAN vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-1, AMRITSAR

Bench: Dr. M. L. Meena & Sh. Ravish Sood

revised the computation of income before the assessment was finalized and likewise CIT(A) is not justified while confirming the same. 5. That no penalty notice dated 10/03/2017 has been served upon the appellant and as such penalty imposed is bad in law. 6. That no proper satisfaction for initiating the penalty proceedings has been recorded and such imposition

SH. SUBASH CHANDER,UDHAMPUR vs. THE INCOME TAX OFFICER, UDHAMPUR

In the result, the assessee’s appeals are dismissed

Bench: Sh. Sanjay Arorai.T.A. No.142 & 143/Asr/2017 Assessment Years: 1992-93 & 1993-94

revision u/s. 263. The first appellate authority dismissed the assessee’s appeals vide consolidated order dated 15.02.1999. The Tribunal, in second appeal, set aside the order of the first appellate authority dated 15.02.1999 on the basis that the competent authority had already cancelled the assessments u/s. 263 of the Act, also cancelling the penalty u/s. 271

SH. SUBASH CHANDER,UDHAMPUR vs. THE INCOME TAX OFFICER, UDHAMPUR

In the result, the assessee’s appeals are dismissed

Bench: Sh. Sanjay Arorai.T.A. No.142 & 143/Asr/2017 Assessment Years: 1992-93 & 1993-94

revision u/s. 263. The first appellate authority dismissed the assessee’s appeals vide consolidated order dated 15.02.1999. The Tribunal, in second appeal, set aside the order of the first appellate authority dated 15.02.1999 on the basis that the competent authority had already cancelled the assessments u/s. 263 of the Act, also cancelling the penalty u/s. 271