10 results for “penalty u/s 271”+ Undisclosed Incomeclear
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Bench: Shri A. D. Jain & Shri T. S. Kapoorassessment Year:2007-08 Income Tax Officer V. Bhanu Pratap Singh Ward 1 Nirmal Chhaya Khutehi Rewa Rewa Tan/Pan:Avpps0806G (Appellant) (Respondent) C.O. No.10/Jab/2017 [In Ita No.47/Jab/2017] Assessment Year:2007-08 Bhanu Pratap Singh V. Income Tax Officer Nirmal Chhaya Khutehi Ward 1 Rewa Rewa Tan/Pan:Avpps0806G (Cross Objector) (Respondent)
penalty proceedings were initiated u/s 271(1)(c) for furnishing inaccurate particulars of income and concealment of income. 4. It is borne out from the record that the assessment under section 153C of the Act in the case of the assessee is the outcome of search initiated under section 132 of the Act in Bansal Group of cases