TMI Blog2019 (10) TMI 1239X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 - ITAT AHMEDABAD] for assessment years 2010-11 2011-12, a co-ordinate bench of this Tribunal has deleted similar penalty. - IT(SS)A No.264/Ahd/2017 - - - Dated:- 14-10-2019 - Justice P P Bhatt, President And Pramod Kumar, Vice President For the Appellant : S.N. Soparkar with Parin Shah For the Respondent : L.P. Jain ORDER PER PRAMOD KUMAR, V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... considering amount of ₹ 1,11,45,050/- as concealed income. 3) Ld. CIT(A) erred in law and on facts in holding the additional income offered in return filed u/s 153A to buy peace as undisclosed income drawing inference of availability of money, bullion or asses embedded in the entries solely on the basis of statement of the appellant. 4) Ld. CIT(A) erred in law and on f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TA Nos.1658 1659/Ahd/2017, for assessment years 2010-11 2011-12, a co-ordinate bench of this Tribunal has deleted similar penalty. Learned counsel then took us through the impugned order and made efforts to demonstrate that the observations in the said case are almost the same as in the case before us. It was thus contended that in the factual backdrop, the issue is no longer res integra and we ..... X X X X Extracts X X X X X X X X Extracts X X X X
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