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2022 (5) TMI 607 - AT - Income TaxPenalty levied u/s 271(1)(c) - reopening of assessment u/s 147 - concealment and/or furnishing of inaccurate particulars of income in respect of additions made on account of confirming the total income without allowing any deduction on account of income already assessed and added in the immediately preceding year viz., Asst. Year 2007-08 - HELD THAT:- This penalty has been confirmed by the Ld. CIT(A) also as the assessee has not filed regular return of income under Section 139(1) of the Act, but after issuance of 148 and other statutory notices. Therefore, the confirmation of penalty is correct in law, which does not require any interference and pleaded to dismiss the appeal filed by the assessee. We do not find any merits in the ground raised by the assessee namely without allowing any deduction on account of income already assessed in the A.Y. 2007-08. Both the Ld. Assessing Officer and the Ld. CIT(A) has levied and confirmed the penalty only on the addition of Rs. 6,14,178/-. Therefore, the ground raised by the assessee is rejected and the appeal of assessee is dismissed.
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