2017 (1) TMI 1414

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..... Respondent : -- JUDGMENT These are Revenue's Appeal under Section 260-A of the Income Tax Act, 1961, challenging orders passed by the Income Tax Appellate Tribunal, Indore Bench, Indore, in the matter of interfering with the proceedings initiated for imposing penalty under Section 271(1)(C) of the Income Tax Act. 2. As common questions of law and facts are involved in all these four appeal .....

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..... s for imposing penalty were initiated under the provisions of Section 271(1)(c) and ultimately when penalty were imposed by the Assessing Officer at the instance of respondent -assessee, matter traveled to the Commissioner, Appeal and the same having been allowed at the instance of Revenue, matter was agitated with Tribunal and the Tribunal after taking note of various aspects of the matter, came .....

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..... substantial question of law framed credence to the bonafide of the assessee to say that there was no deliberate concealment. Accordingly, following the judgment of the Bombay High Court and consistent orders of the Appellate Tribunal in this regard, the appeals filed by the Revenue were dismissed and the orders passed by the Commissioner, Income Tax Appeal, Bhopal, was upheld. 4. The findings rec .....

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