SH. MANINDER SINGH PROP. M/S DASHMESH BRICKS,BATHINDA vs. THE INCOME-TAX OFFICER, BATHINDA
In the result, the assessee’s appeal is dismissed
ITA 440/ASR/2017[2011-12]Status: DisposedITAT Amritsar28 Dec 2018AY 2011-12
Bench: Sh. Sanjay Arorai.T.A No.440/Asr/2017 Assessment Year:2011-12
For Appellant: Written SubmissionsFor Respondent: Sh. Charan Dass (D.R)
Section 268ASection 271(1)(c)Section 69A
unexplained, allowed the assessee telescoping benefit, reducing the said income to Rs.12.66 lacs, on which the AO, accordingly, levied penalty u/s. 271(1)(c) of the Act for concealment of particulars of income at 100% of the tax sought to be evaded. The same being confirmed in first appeal, the assessee is in second appeal.
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Maninder Singh, Bathinda