Bench: Shri J. Sudhakar Reddy, Am & Shri S. S. Godara, Jm आयकर अपीलसं./I.T.A Nos.2372&2373/Kol/2018 ("नधा"रण वष" / Assessment Years: 2013-14 & 2014-15) M/S Suprabha Industries Ltd. Vs. Dcit, Central Circle-4(3), Kolkata Continental Chambers, 15A Hemant Basu Sarani, Kolkata "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aadcs9389J (Appellant) .. (Respondent) Appellant By : Shri Miraj D. Shah, A/R Respondent By : Smt. Ranu Biswas, Addl. Cit सुनवाईक"तार"ख/ Date Of Hearing : 19/10/2020 घोषणाक"तार"ख/Date Of Pronouncement : 22/10/2020 आदेश / O R D E R Per Shri S. S. Godara: These Assessee’S Two Appeals For Assessment Years 2013-14 & 2014-15 Arise Against The Commissioner Of Income Tax (A) - 21, Kolkata’S Separate Orders Both Dated 27.08.2018 Passed In Case No.10527&10538/Dcit,Cc-4(3)/Cit(A)- 21/Kol/2016-17 Involving Proceedings U/S 271Aab Of The Income Tax Act, 1961; In Short ‘The Act’; Respectively. Heard Both The Parties. Case Files/Records Perused. 2. The Assessee’S Identical Sole Substantive Grievance In Both These Appeals Challenges Correctness Of The Lower Authorities’ Action Imposing Section 271Aab Penalties Of Rs.44,93,035/- @30% Of The Alleged Undisclosed Income Of Rs.1,49,76,784/- Each By The Assessing Officer In His Twin Separate Orders; Both Dated 28.09.16 & Restricted To 10% Each In The Cit(A)’S Lower Appellate Discussion Reading As Under:

15A Hemant Basu Sarani, Kolkata "थायीलेखासं./जीआइआरसं./PAN/GIR No.: AADCS9389J (Appellant) .. (Respondent) Appellant by : Shri Miraj D. Shah, A/R Respondent by : Smt. Ranu Biswas, Addl. CIT सुनवाईक"तार"ख/ Date of Hearing : 19/10/2020 घोषणाक"तार"ख/Date of Pronouncement : 22/10/2020 आदेश / O R D E R Per Shri S. S. Godara: These assessee’s two appeals for assessment years