In the result, appeal of the assessee is allowed and the appeal of the revenue is dismissed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahayd.C.I.T., Central Coalfield Ltd., Circle-1, 4Th Floor, Central Revenue Building Vs. Ranchi. Annexee, 5A, Main Road, Ranchi-834001 (Jharkhand) Pan No. Aaacc 7476 R Appellant/ Revenue Respondent/ Assessee M/S Central Coalfields Ltd., D.C.I.T., Darbhanga House, Kutchery Road, Circle-1, Vs. Ranchi-834001 (Jharkhand) Ranchi. Pan No. Aaacc 7476 R Appellant/ Assessee Respondent/ Revenue

4. That the revenue is in appeal against the partial relief allowed by CIT(A) NFAC and the assessee is in appeal challenging the validity of the notice issued U/s 274 r.w.s 271(1)(c) for initiation of penalty proceedings and the penalty imposed thereby. DCIT Vs M/s CCL & 1 Anr. 5. That as stated above, the copy