MESERS J.P INDUSTRIES,JALALABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result, all the appeals of the assessee bearing ITA No

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

Penalty proceedings u/s 271(l)(c) of the Act for concealing particulars of income to that extent are initiated I.T.A. No. 305/Asr/2019 A.Y.: 2010-11 & 3 Ors 6 [Add-Rs. 12,74,722/-] Simultaneously” 9. The ld. DR further argued and placed that the said amount paid to the party by the assessee concern was not established during the time