Bench: Shri R.K. Panda & Ms. Astha Chandra
Penalty proceedings u/s. 271(1)(c) are hereby initiated for concealment of income to the tune of Rs.2,00,000/- (iii) Addition of Rs.6,45,95,500/- comprising of Rs.1,65,66,500/-, Rs.4,60,57,000/- and Rs.19,72,000/- on account of unexplained/ unsubstantiated sundry creditors/booking advance/unexplained liability by observing in paras 8.4, 9.2 and 10.3 as under