PADAM KUMAR JAIN,RANCHI vs. DCIT, CENTRAL CIRCLE-1, RANCHI

In the result, all the appeals filed by the assessee are allowed and copy of common order passed is to be placed on respective case files

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

b) Subject matter in the assessment proceedings is computation of correct income as per the Act, whereas, the subject matter of the penalty proceedings is the conduct of the assessee i.e. concealment or furnishing of inaccurate particulars of income which has resulted in additions in the quantum proceedings. (c) If the assessee discloses all the relevant details in the return