SHRI MITESH G. BHANGDIYA,NAGPUR vs. ASSISTANT COMMISISONER OF INCOME TAX CENTRAL CIRCLE-2(1), NAGPUR

Bench: Shri Satbeer Singh Godara & Shri Gd Padmahshali

113/ 2007- Shri Sanjay CIT(A)-3/32 u/s. 271(1)(c) Rs.12,56,366/- Nag./2018 08 Heda /2017-18 ITA No. 114/ 2007- Shri CIT(A)-3/24 u/s. 271(1)(c) Rs.2,96,653/- Nag./2018 08 Kirtikumar /2017-18 Mitesh Bhangdiya ITA No. 115/ 2008- Shri CIT(A)-3/25 u/s. 271(1)(c) Rs.3,56,390/- Nag

SHRI KIRTIKUMR BHANGDIYA ,NAGPUR vs. ASSISTANT CMMISISONR OF INCOME TAX CENTRAL CIRCLE -2(1), NAGPUR

Bench: Shri Satbeer Singh Godara & Shri Gd Padmahshali

113/ 2007- Shri Sanjay CIT(A)-3/32 u/s. 271(1)(c) Rs.12,56,366/- Nag./2018 08 Heda /2017-18 ITA No. 114/ 2007- Shri CIT(A)-3/24 u/s. 271(1)(c) Rs.2,96,653/- Nag./2018 08 Kirtikumar /2017-18 Mitesh Bhangdiya ITA No. 115/ 2008- Shri CIT(A)-3/25 u/s. 271(1)(c) Rs.3,56,390/- Nag

JEETENDRA CHANDRAKANT NAYAK,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOM TAX(OSD), NAGPUR

In the result, the appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

Penalty proceedings under section 27(1)(c) of the Income Tax Act, 1961 for concealment of income by furnishing inaccurate particulars of income are hereby initiated.” 4. The appellant filed an appeal before the CIT (A), who has held as follows: “The AO in the assessment order held that on perusal of the return of income, it is seen that