TMI Blog2017 (6) TMI 1251X X X X Extracts X X X X X X X X Extracts X X X X ..... culars of income or furnishing of inaccurate particulars of income. The penalty is not leviable in the matter. - No penalty - Decided in favor of assessee. - ITA No. 701/Chd/2017 - - - Dated:- 1-6-2017 - SHRI BHAVNESH SAINI , JUDICIAL MEMBER For the Appellant : Shri Tej Mohan Singh For the Respondent : Shri S.K. Mi ttal ORDER This appeal by the assessee has been directed agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able in the matter. 4. Ld. Counsel for the assessee filed copy of the penalty notice dt. 30/12/2013, in which the AO has noted whereas in the course of assessment proceedings before me for assessment year 2011-12, it appears to me that you have concealed the particulars of your income / furnished inaccurate particulars of your income . Ld. Counsel for the assessee relied upon the decision of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r as well as in the penalty notice did not specify for which limb of section 271(1)(c) of the Act, the penalty had been initiated i.e., whether for concealment of particulars of income or furnishing of inaccurate particulars of income. The penalty is not leviable in the matter. The issue is therefore covered in favour of the assessee by judgment in the case of CIT Vs. SSA s Emerald Meadows (supra) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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