Bench: Shri Partha Sarathi Chaudhury & Shri Arun Khodpiaआयकर अपील सं. / Ita No.454/Rpr/2025 "नधा"रण वष" / Assessment Year : 2014-15 The Deputy Commissioner Of Income Tax-1(1), Raipur (C.G.)
penny stock (NCL Research and Financial Services Ltd.) were found to be non- genuine and were used as a colorable device to convert unaccounted money into tax-exempt income, which clearly amounts to furnishing of inaccurate particulars of income. 5. Whether the Ld. CIT(A) has erred in holding that the penalty was wrongly levied despite clear satisfaction recorded