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2021 (10) TMI 965 - AT - Income TaxPenalty u/s 271(1)(c) - Unexplained household expenses - Addition based on entries found recorded in the seized diary - HELD THAT:- Considering the fact that the quantum has been set aside by the Tribunal in assessee’s own case in [2019 (10) TMI 1468 - ITAT DELHI] pertaining to Assessment Years 2005-06, 2008-09, 2010-11. We therefore, set aside the impugned penalty orders. However, it is clarified that if the additions are sustained, the Assessing Officer would be at liberty to decide the question of levy of penalty in accordance with law. Thus, grounds raised by the assessee in this appeal are partly allowed for statistical purposes only.
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