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2020 (9) TMI 864 - AT - Income TaxPenalty u/s 271AAB(1)(c) - undisclosed income on account of advances - Search proceedings - Whether CIT(A) is justified in holding that the income was found recorded is other documents maintained by the assessee in normal course as per clause (c) of sub section (1) to explanation of Section 271AAB ? - CIT-A deleted penalty - HELD THAT:- It is not imperative repeat the facts of the case as the ld. CIT(A) has elaborately discussed the issue in detail by taking the reference of ITAT Judgement in the case of Raja Ram Maheshwari [2019 (1) TMI 1546 - ITAT JAIPUR] and thus the ld. CIT(A) had partly allowed the appeal of the assessee We concur with the findings of the ld. CIT(A) in the case of the assessee. Thus the appeal of the Revenue is dismissed.
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