iii) charged interest u/s 234A,\n234B and 234C; and (iv) also recorded to initiate penalty proceeding u/s\n271AAB for concealment of income of Rs.49,99,000/-. Thereafter, the AO\nissued show-cause notice to assessee for imposition of penalty u/s 271AAB. In\nresponse, the assessee merely submitted that he has filed an appeal against\n2\n\nGaurav Ajmera\nITA