Shri Manoj Beswal, by which he deleted the penalty imposed u/s.
271AAB of the Income-tax Act, 1961 (hereinafter referred ... accepting the returned income and penalty
proceedings were initiated u/s. 271AAB of the Act on the amount disclosed during
search
which he deleted the penalty imposed u/s. 271AAB of
the Income-tax Act, 1961 (hereinafter referred to as the "Act")..
2. Briefly ... assessee in the ROI) and penalty proceedings were initiated u/s. 271AAB of the Act on
the amount disclosed during search
which he deleted the penalty imposed u/s.
271AAB of the Income-tax Act, 1961 (hereinafter referred to as the "Act")..
2. Briefly ... assessee in the ROI) and penalty proceedings were initiated u/s. 271AAB of the Act on
the amount disclosed during search
Jaipur both dated 01.11.2017 arising from penalty
order passed U/s 271AAB of the IT Act for the assessment years ... case the learned
CIT(A) erred in passed the order U/s 271AAB of the Income Tax
Act, 1961 which is void ab-inito deserves
represents undisclosed income of the assessee as per
the provisions of Section 271AAB of the I.T. Act and A.Y. 2014-
2015 under appeal ... working partner of M/s. Brijwasi Jewellers.
Hence, penalty proceedings under section 271AAB of the I.T.
Act is initiated. The A.O. vide separate
drew our
attention to the fact that the penalty imposed u/s. 271AAB of the Income-tax Act, 1961
(hereinafter referred ... Shri Manoj Biswal, Chairman of Nezone group.
Similar penalty imposed u/s. 271AAB of the Act in respect of Shri Sanwar Mal Agarwal
deleting the penalty levied u/s.
271AAB of the Income-tax Act, 1961 (hereinafter referred to as the "Act") in violation of
Rule ... that of the AO
ought not to have levied penalty u/s. 271AAB of the Act since no search was initiated in the
case
Jaipur arising from penalty order passed under section 271AAB of the
IT Act for the assessment year 2015-16. The assessee has raised the following ... learned CIT
(A) has erred in passed the order u/s 271AAB of the Income Tax
Act, 1961 which is void ab-initio deserves
against the order passed by the ld. AO levying penalty u/s 271AAB of the Act for the
assessment year 2013-14 vide order dated ... 2305/Kol/2016 with regard to cancellation of penalty levied
u/s 271AAB of the Act.
5. The revenue had raised the following grounds
Jaipur arising from penalty order passed under section 271AAB of the
IT Act for the assessment year 2015-16. The assessee has raised the following ... learned CIT
(A) has erred in passed the order u/s 271AAB of the Income Tax
Act, 1961 which is void ab-initio deserves
