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2016 (1) TMI 980 - AT - Income TaxPenalty under section 271(1)(c) - Held that:- The assessment was completed by the Assessing Officer, who had not recorded any satisfaction for initiating the penalty for concealment under section 271(1)(c) of the Act, with regard to the additional income offered. Thereafter, in the order levying penalty also, the Assessing Officer had not levied any penalty. The CIT(A) while deciding the appeal against the order levying penalty under section 271(1)(c) of the Act was only abrest of the penalty order passed by the Assessing Officer and while deciding the said appeal, he had no jurisdiction to initiate and levy penalty under section 271(1)(c) of the Act on an issue against which, the assessment was made by the Assessing Officer. - Decided in favour of assessee.
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