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

Bench: Shri Satbeer Singh Godara & Shri Gd Padmahshali

Penalty name appealed Proceedings amount against confirmed in the CIT(A)’S order ITA No. 112/ 2007- Shri Mitesh CIT(A)-3/69 u/s. 271(1)(c) Rs.1,69,783/- Nag./2018 08 G.Bhangdiya /2017-18 ITA No. 113/ 2007- Shri Sanjay CIT(A)-3/32 u/s. 271(1)(c) Rs.12,56,366/- Nag./2018 08 Heda /2017-18

SHRI KIRTIKUMAR MITESH BHANGADIA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE -2(1), NAGPUR

Bench: Shri Satbeer Singh Godara & Shri Gd Padmahshali

Penalty name appealed Proceedings amount against confirmed in the CIT(A)’S order ITA No. 112/ 2007- Shri Mitesh CIT(A)-3/69 u/s. 271(1)(c) Rs.1,69,783/- Nag./2018 08 G.Bhangdiya /2017-18 ITA No. 113/ 2007- Shri Sanjay CIT(A)-3/32 u/s. 271(1)(c) Rs.12,56,366/- Nag./2018 08 Heda /2017-18

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

Bench: Shri Satbeer Singh Godara & Shri Gd Padmahshali

Penalty name appealed Proceedings amount against confirmed in the CIT(A)’S order ITA No. 112/ 2007- Shri Mitesh CIT(A)-3/69 u/s. 271(1)(c) Rs.1,69,783/- Nag./2018 08 G.Bhangdiya /2017-18 ITA No. 113/ 2007- Shri Sanjay CIT(A)-3/32 u/s. 271(1)(c) Rs.12,56,366/- Nag./2018 08 Heda /2017-18

SHRI SANJAY RAMESHCHANDRAJI HEDA,AMARAVATI vs. ASSISTNT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -2(1), NAGPUR

Bench: Shri Satbeer Singh Godara & Shri Gd Padmahshali

Penalty name appealed Proceedings amount against confirmed in the CIT(A)’S order ITA No. 112/ 2007- Shri Mitesh CIT(A)-3/69 u/s. 271(1)(c) Rs.1,69,783/- Nag./2018 08 G.Bhangdiya /2017-18 ITA No. 113/ 2007- Shri Sanjay CIT(A)-3/32 u/s. 271(1)(c) Rs.12,56,366/- Nag./2018 08 Heda /2017-18

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