SH. MUNISH JAIN,LUDHIANA vs. DCIT, LUDHIANA

In the result, both the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Ms. Annapurna Gupta

penalty was leviable as per Explanation-5A to section 271(1)(c) of the Act. 2) When return of income filed u/s

M/S MAHARAJA LIGHT & TENT SERVICES,LUDHIANA vs. DCIT, CC-1, LUDHIANA

In the result, all the above appeals of different assessees are partly allowed for statistical purposes

u/s 271AAB of the Act. The Legislature has all along been conscious in providing for levy of penalty only in respect of “undisclosed income”. We find that in all penal provisions such as Explanation 5A of Section 271

SMT. VANI JAIN,LUDHIANA vs. DCIT, CC-1, LUDHIANA

In the result, all the above appeals of different assessees are partly allowed for statistical purposes

u/s 271AAB of the Act. The Legislature has all along been conscious in providing for levy of penalty only in respect of “undisclosed income”. We find that in all penal provisions such as Explanation 5A of Section 271

SMT. SHWETA JAIN,LUDHIANA vs. DCIT, CC-1, LUDHIANA

In the result, all the above appeals of different assessees are partly allowed for statistical purposes

u/s 271AAB of the Act. The Legislature has all along been conscious in providing for levy of penalty only in respect of “undisclosed income”. We find that in all penal provisions such as Explanation 5A of Section 271

M/S SEL TEXTILES LIMITED,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, theappeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकरअपीलसं./Ita No.695/Chd/2018 धििागरणवर्ग / Assessment Year :2014-15 बिाम M/S Sel Textiles Limited, The Dcit, 273-74,G.T. Road, Central Circle-Iii, Dhandari Kalan, Ludhiana Ludhiana स्थायीलेखासं./Pan No: Aancs0401M अपीलाथी/Appellant प्रत्यथी/Respondent धििागररतीकीओरसे/Assessee By : Shri Ashwani Kumar, Ca राजस्वकीओरसे/ Revenue By : Sh. Ram Mohan, Cit Dr सुिवाईकीतारीख/Date Of Hearing : 28.01.2019 उदघोर्णाकीतारीख/Date Of Pronouncement : 18.04.2019 आदेश/Order Per Sanjay Garg:

u/s 271AAB of the Act. The Legislatu re has all along been conscious in providing for levy of penalty only in respect of “undisclosed income”. We find that in all penal provisions such as Explanation 5A of Section 271