2008 (1) TMI 909

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..... ls)-VI, Bangalore [ CIT(A) for short] dated 24.04.2006 by which she has confirmed the order the Assessing Officer imposing penalty of ₹ 54,706 levied u/s. 271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the Act ). 2. The ld. counsel for the assessee, Mr. Srinivasan, contended that the business of the assessee comprised for providing air-conditioning facilities to vario .....

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..... cable to it. 3. The ld. Dr, however, relied on the orders of the Assessing Officer and further added that it is a case of construction and no manufacture was involved. The assessee therefore wrongly claimed and therefore to that extent there was concealment of income. 4. The rival contentions in regard to the above have been very carefully considered. In our opinion, in the light of the Supr .....

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