Nagpur dated
18.05.2017 emanating from the order of ACIT(AO) under section
271AAB of the Act dated 15.09.2015. The Revenue has raised the
following grounds ... deleting the penalty of Rs. 90,00,000/-
levied u/s. 271AAB of the Act.
ii) On the facts and circumstances of the case
confirming penalty order dt 27.06.2017
passed under sec 271AAB by the ACIT, Central
Circle-2, Jodhpur is bad in law and on facts.
2. That ... case, levying penalty of Rs. 3850000/- under sec
271AAB of the IT Act, 1961 vide order dt
27.06.2017
4. That the appellant craves leave
erred in confirming the levy of penalty u/s 271AAB of the Act in
consequence to the assessment completed in terms of Section 153C ... failed to appreciate that the levy of penalty u/s.271AAB of the Act on the
facts and in the circumstances of the case
penalty on the respondent could have been
imposed under Section 271AAB of the Act.
3
Aggrieved by the said order dated 11.10.2018 passed ... course of search within the
meaning of explanation (c) to section 271AAB?
(ii). Whether in the facts and circumstances of the case, the
impugned order
order passed by the ACIT, Central Circle, Ajmer passed under Section
271AAB of the Income tax Act, 1961 (in short 'the Act') dated ... erred in law and on facts in deleting
penalty levied u/s 271AAB of I.T. Act, 1961, amounting
assessee during the course of search.
Penalty proceedings u/s 271AAB(1)(a) of the Income-tax Act, 1961
is being initiated for undisclosed income
Appeals) erred in erred in confirming the levy of
penalty u/s 271AAB of the Act without assigning proper
reasons and justification and ought ... have appreciated that
the provisions of section 271AAB of the Act was wrongly
invoked to the factual matrix of the case thereby vitiating the
consequential
confirming penalty of Rs. 120000
imposed by the Ld. AO u/s 271AAB(1) of the IT Act, 1961.
2. That the appellant craves permission ... assessment order initiated penalty
proceedings u/s 271AAB(1) of the act and issued show cause notice of
which assessee filed explanation. The penalty proceeding
confirming penalty of Rs. 120000
imposed by the Ld. AO u/s 271AAB(1) of the IT Act, 1961.
2. That the appellant craves permission ... assessment order initiated penalty
proceedings u/s 271AAB(1) of the act and issued show cause notice of
which assessee filed explanation. The penalty proceeding
Assessing
Officer in levying penalty of Rs. 5,04,500/- under Section 271AAB of the
Income Tax Act, 1961 [hereinafter referred ... confirming the penalty of
Rs.5,04,500/- levied u/s 271AAB of the Act on the ad-hoc disclosure
