KALIPADA SAHA,HOOHLY vs. ITO, WARD-24(3), HOOGHLY. , HOOGHLY
In the result, all the four appeals of the assessee are dismissed
ITA 1189/KOL/2023[2011-12]Status: DisposedITAT Kolkata12 Jun 2024AY 2011-12
Bench: Shri Rajpal Yadav & Shri Rakesh Mishra
For Appellant: N o n eFor Respondent: Shri B. K. Singh, Addl. CIT
Section 147Section 148Section 250Section 263Section 271(1)(c)
2. That you petitioner voluntarily disclosed higher income and paid tax thereupon. Hence, the question of concealment and initiation of penalty proceedings does not apply in such case.
3. That the commissioner has no power to direct the AO to initiate penalty proceedings u/s. 271(1)(c) of IT Act, 1961 in exercise of Revisional Power u/s
