2025
4. Subsequently the Assessing Officer initiated penalty proceedings u/s
271AAB of the Act. The assessee submitted that the declaration made during the
course ... cannot be considered as undisclosed income within the
meaning defined in section 271AAB of the Act. The assessee further submitted
that if by any stretch
2025
4. Subsequently the Assessing Officer initiated penalty proceedings u/s
271AAB of the Act. The assessee submitted that the declaration made during the
course ... cannot be considered as undisclosed income within the
meaning defined in section 271AAB of the Act. The assessee further submitted
that if by any stretch
from now 'PO'] passed u/s 271(1)(c) & 271AAB of the Act by the
Dy. Commission of Income Tax, Central Circle ... solitary dispute over
applicability of penal provisions of section 271(1)(c) / 271AAB of the Act,
where the income is assessed on the basis
from now 'PO'] passed u/s 271(1)(c) & 271AAB of the Act by the
Dy. Commission of Income Tax, Central Circle ... solitary dispute over
applicability of penal provisions of section 271(1)(c) / 271AAB of the Act,
where the income is assessed on the basis
from now 'PO'] passed u/s 271(1)(c) & 271AAB of the Act by the
Dy. Commission of Income Tax, Central Circle ... solitary dispute over
applicability of penal provisions of section 271(1)(c) / 271AAB of the Act,
where the income is assessed on the basis
erred in law and in facts by deleting the penalty u/s 271AAB of the I.T.
Act, 1961 without appreciating the fact that during ... erred in law and in facts by deleting the penalty u/s
271AAB of the I.T. Act, 1961 without appreciating the fact that
levied by the Assessing Officer u/s 271AAB of the Income Tax
Act, 1961 (hereinafter referred to as 'the Act') for assessment year ... rejecting the various explanations given by the assessee levied penalty u/s 271AAB
of the Act on the amount
2023-24/1052080708(1), dated
13.04.2023, involving proceedings u/s. 271AAB of the Income
Tax Act, 1961 (in short "the Act").
Heard both ... lower authorities have
erred in law and on facts in levying sec.271AAB penalty of
Rs.15,67,734/- in issue, learned counsel invited
dismissing the appeal of the appellant against the
Penalty Order u/s 271AAB(1A), levying penalty ... penalty levied of Rs. 3,24.591/- for AY 2018-19 u/s 271AAB(1A).
2. The learned CIT(A) erred in upholding the penalty order
Applicant Respondent
Year
Passed u/s
1 0670/PUN/2023 2014-15 271AAB
2 0671/PUN/2023 2014-15 143(3) r.w.s. 153A ... Agrawal Central Circle-2,
ABHPA8104B Nashik
8 0677/PUN/2023 2014-15 271AAB
Subhash
9 0678/PUN/2023
