2023 (4) TMI 1159

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..... ent appeal filed by the assessee for the assessment year 2008-09 is directed against the order of Ld. CIT(A)-1, Udaipur dated 26.02.2019. The assessee has raised following grounds of appeal:- 1. "Under the facts and circumstances of the case, the Ld.CIT(Appeals)-1, Udaipur has erred in not allowing the relief in respect of penalty of Rs.1,83,260/- u/s 271(1)(c) despite the fact that additions we .....

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..... e of INR 7,63,083/-. 4. Aggrieved against the part sustenance of the penalty, the assessee is in appeal before this Tribunal. 5. At the outset, Ld. Counsel for the assessee submitted that penalty order did not specify the charge. Further, the penalty was imposed purely on the basis of estimation of income. He submitted that under the facts and circumstances of the present case, the authorities b .....

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