ASHOK S. AGARWAL,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.1227/Pun/2016 यििाारण वषा / Assessment Year : 2007-08

u/s 271(1)(c) for concealment of income. I therefore levy a penalty of Rs.2,20,617/-. 5. The CIT(A) after deliberating upon the issue and various judicial pronouncements had dismissed the plea of assessee. 6. The assessee is in appeal against the order of CIT(A). 7. The learned Authorized Representative for the assessee first referred