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2017 (11) TMI 676 - AT - Income TaxLevy of penalty u/s 271(1)(c) - addition on bogus purchases - Held that:- AO is not sure about the charge on which penalty is to be levied. The AO has also invoked issue of concealment of particulars of income. He is also levied penalty for furnishing of inaccurate particulars of income as is clear from the order of the AO. In view of this facts and circumstances, we are of the view that the AO himself is not sure about the levy of this charge. Since, the issue is covered by the decision of Hon’ble Bombay High Court in the case of Samson Perinchery (2017 (1) TMI 1292 - BOMBAY HIGH COURT), respectfully following the same, we delete the penalty and allow the appeal of the assessee.
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