Bench: SHRI ANUBHAV SHARMA (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)
capital gain at Rs.1,13,56,916/-. The said amount was added to the returned income, and the total assessed income was determined accordingly. The Assessing Officer also initiated penalty proceedings separately under section 271(1)(c) for concealment of income and under section 271F