THE DCIT-CENTRAL-2, INDORE vs. M/S. KALYAN TOLL INFRASTRUCTURE LTD., INDORE

In the result all the grounds raised by Revenue in the case of

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

penalty proceedings u/s 274 r.w.s. 271(1)(c) as void ab-initio still for academic purpose we want to adjudicate issue on merits. We observe that subsequent to search when the assessee filed the return in compliance to notice u/s 153A of the Act it offered the additional income of Rs.5,08,55,709/-. The brake up of this additional