2017 (1) TMI 1420

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..... e only through bank accounts. Such being the case, the penalty was deleted. In view of the findings recorded by the Tribunal, question of law is answered in favour of the assessee and against the department. - INCOME TAX APPEAL No. - 379 of 2012 - - - Dated:- 19-1-2017 - Hon'ble Bharati Sapru, J. and Hon'ble Vinod Kumar Misra, J. For the Appellant :- S.C.,A.N.Mahajan,B.Agrawal .....

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..... rded a clear finding of fact with regard to the genuineness and transparency of the transactions, which records categorically that there were no cash or hidden transactions but the transactions were only through bank accounts. Such being the case, the penalty was deleted. In view of the findings recorded by the Tribunal, question of law is answered in favour of the assessee and against the depa .....

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