In the result, the appeal of the Revenue is dismissed
Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad
271(1)(c) of the Act are initiated for concealment of income”. 5. Ld. Assessing Officer thereafter imposed a penalty under section 271AAB(1A) of the Income Tax Act. The penalty order is a very brief order, which reads as under:- “A search and seizure operation u/s 132(1) and Survey Operations u/s 133A