TMI Blog2011 (6) TMI 788X X X X Extracts X X X X X X X X Extracts X X X X ..... espective order of the CIT(A) for the assessment years 2001-02, 2004-05, 2005-06 2006- 07. Since common issue arises for consideration in all the four appeals, we heard them together and are disposing off the same by this common order. 2. In all the four appeals, the issue arises for consideration is levy of penalty u/s 271(1)(c) of the Act. 3. Shri Prem Prakash, the ld.DR submitted tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed an identical order of the CIT(A). 4. We have heard Shri JC Ranpura, the ld.representative of the assessee also. The ld.representative for the assessee submitted that on identical set of facts in the case of Shantilal Jerambhai Maheshwari (supra) this Tribunal found that since the assessee has disclosed the return of income in the block assessment proceedings, this Tribunal found that the CIT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssued u/s 153C of the Act. Once the returns were filed u/s 153C, all pending proceedings for those assessment years stand abated and therefore, the income has to be computed only on the basis of the returns filed by the assessee in response to notices issued u/s 153A / 153C of the Act. On identical set of facts this Tribunal by following its earlier order in ITA No.68/Rjt/2009 confirmed the identi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
