GAURAV AJMERA,RATLAM vs. DCIT(CENTRAL)-2, INDORE

Accordingly, Ground No.2 raised by the Revenue is allowed

Bench: Shri B.M. Biyani & Shri Paresh M. Joshi

iii) charged interest u/s 234A, 234B and 234C; and (iv) also recorded to initiate penalty proceeding u/s 271AAB for concealment of income of Rs.49,99,000/-. Thereafter, the AO issued show-cause notice to assessee for imposition of penalty u/s 271AAB. In response, the assessee merely submitted that he has filed an appeal against 2 Gaurav Ajmera ITA No. 808/Ind/2024