In the result, appeal of the assessee is allowed on technicalities
Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No. 781/Pun/2016 िनधा$रण वष$ / Assessment Year : 2008-09
244A, as per Act. Issue penalty show cause notice u/s.271(1)(c) of the Act for furnishing inaccurate particulars of income.” 7.1 In Para Nos. 8.4 and 8.5 of his order, the AO while making additions on account of capital gains recorded the following satisfaction : “8.4 I therefore add Rs.27,20,215/- being capital gains on sale of land