VIJAY KUMAR MITTAL,JAMSHEDPUR vs. ACIT CENTRAL CIRCLE, JAMSHEDPUR

In the result, this appeal filed by the assessee is allowed

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

capital gains to buy peace and the return of income was also accepted by the AO. Subsequently, notice was issued for initiation of penalty u/s 270A of the Act. The AO imposed the penalty accordingly and this order was upheld by the ld. CIT(A). 6. Before the ld.CIT(A),the assessee claimed that the AO in the show cause