Shri Vikrambhai Ravjibhai Patel,, ... vs The Acit, Anand Circle,, Anand on 28 September, 2018
In the light of the above, we
sustain the penalty levied by the assessing officer in respect of Rs. 2,00000/- as
I.T.A No. 2679/Ahd/2015 A.Y. 2008-09 Page No 6
Shri Vikrambhai Ravjibhai Patel vs. ACIT
undisclosed cash credit admitted by the assessee as his undisclosed income as
explained supra in this order. Therefore, the penalty levied in respect of
agricultural income of Rs. 3,69,364/- and unsecured loan to the extent of
Rs.4,00000/ is deleted for the reason stated as supra this order. Therefore, the
appeal of the assessee is partly allowed.