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

2017 (6) TMI 782 - ITAT 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 .....

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penalty order is holding that assessee has concealed income. In our considered opinion assessee has sought to revise the computation and withdrawn the claim of deduction under section 24(a). In our considered opinion the assessee's conduct was bonaf .....

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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. .....

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amount of addition to total income, by filing revised computation of income, as a result of computing income under the head 'Income from Other Sources' as against "Income from House Property' as per original computation of total inco .....

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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 i .....

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inaccurate particulars of income and making a wrong claim. In the penalty order the assessing officer held that assessee has concealed the taxable income. 4. Upon assessee's appeal learned CIT-A confirmed the action of the assessing officer. Agai .....

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