M.Sajjanraj Nahar vs The Commissioner Of Income Tax on 1 February, 2006
02.11.2011 for copy of sworn statement recorded in survey operation
and admitted =10,00,000/- to tax. The ld. Assessing Officer relied on
the decision of jurisdictional High Court in the case of M. Sajjanraj
Nahar vs. CIT 155 Taxman 536 (Mad)/283 ITR 230 and minimum
penalty of =3,39,900/- u/s.271(1) (c) of the Act for furnishing
inaccurate particulars and concealment of income to the extent of
=10,00,000/-. Aggrieved by the order, the assessee filed an appeal
before the Commissioner of Income Tax (Appeals).