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Bipin Sagar Versus Asst. CIT WD 21 (1) Mumbai

Levy of penalty u/s 271(1)(c) - Withdrawal of claim of deduction under section 24(a) - Held that:- In this case the assessee has filed revised return of income withdrawing the deduction claimed under section 24(a). No case has been made out that this revision was done on account of any query on the impugned subject. Furthermore we note that when assessing officer in the assessment order is finding the assessee guilty for furnishing of inaccurate particulars of income the assessing officer in the .....

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y : Ms. Dinkle Hariya Revenue by : Shri. Kailash Kanojiya ORDER Per : Shamim Yahya This appeal by the assessee is directed against order of Ld. CIT-A dated 10.09.2013 and pertains to assessment year 2009-10. 2. The grounds of appeal read as under: 1.1 On the facts and in the circumstances of the case, the learned Commissioner of Income-tax (Appeals) -32, Mumbai, ["Id. CIT (A)"] erred in confirming the levy of penalty u/s 271(I)(c) with reference to a sum of ₹ 12,23,908 being the .....

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ing. 3. In his case the assessing officer observed that during the assessment proceedings assessee has filed revised computation of income. The assessee revised the computation of income withdrawing the claim made u/s 24(a) in respect of the rental income which was actually received on account of leased property. The assessing officer observed that if the details would not have been asked the said claim would not have been declared, hence he held that proceedings are initiated for furnishing of .....

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