THE PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S PIYUSH COLONIZERS LTD.

The appeal is dismissed

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

u/s 271(1)(c) of the Act disregarding the facts that the penalty is leviable on contravention of the provisions of a civil statute like Income Tax Act, there being so many judgments that breach of a civil obligation attracts levy of penalty whether the contravention was made by the defaulters with any guilty intentions

M/S.ESCORTS EMPLOYEES ANCILLAR vs. ADDL.COMMISSIONER OF INCOME TA

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

seizure in relation to the daughter and daughter-in-law of Naresh Kumar Kohli, wherein, the Division Bench of this Court has observed as under:- “A search of the assessee's business premises, his house and various banks is the foundation of block assessments for the years 1987-88 to 1997-98. The Assessing Officer, after considering various transactions, jewellery