KALANEEDHI JEWELLERS LLP,PATIALA vs. DCIT-CC, PATIALA

In the result, appeals of both the assesses are allowed

Penalty proceedings u/s 271AAB are being initiated on this undisclosed income. 6. Being aggrieved the assessee carried the matter to the Ld. CIT(A)and furnished the written submissions which are incorporated in para 3 of the impugned order and read as under: "“Sub: Written Submission in the case of M/s. Kalaneedhi Jewellers LLP, House No. 123C, Model Town, Patiala

SSMT. CHARU AGGARWAL,PATIALA vs. DCIT-CC, PATIALA

In the result, appeals of both the assesses are allowed

Penalty proceedings u/s 271AAB are being initiated on this undisclosed income. 6. Being aggrieved the assessee carried the matter to the Ld. CIT(A)and furnished the written submissions which are incorporated in para 3 of the impugned order and read as under: "“Sub: Written Submission in the case of M/s. Kalaneedhi Jewellers LLP, House No. 123C, Model Town, Patiala

ANUPAM,BARNALA vs. INCOME TAX OFFICER, BARNALA

In the result, Assessee’s appeal is allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

demonetization" the unaccounted money ought to be charged 60% rate of tax. It only states that step had been taken to curb black money by withdrawing Specified Bank Notes of denomination of Rs.500 and Rs.1000. And also states the people may find illegal ways of converting their black money into black again, hence as per experts advice heavy penalty ought