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TMI Blog2009 (7) TMI 851X X X X Extracts X X X X X X X X Extracts X X X X ..... hout going into the merits of the issue - Though the matter may have been liable to be remitted to the Commissioner of Income-tax (Appeals) for deciding the issue afresh after considering the view point of the assessee on the merits, but since it is pointed out that the quantum case is pending in this court, consider it appropriate to direct that this appeal be listed along with other. - 133 of 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... io of the judgment of the hon'ble Punjab and Haryana High Court in the case of CIT v. Munish Iron Store reported in [2003] 263 ITR 484 is applicable in the present case when the finding regarding furnishing of inaccurate particulars of income have been given in the assessment order in a detailed manner ?" 2. During the assessment for the assessment year in question, the Assessing Officer on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e for penalty proceedings had been separately issued. 5. Learned counsel for the Revenue points out that this issue was considered by this court in CIT v. Pearey Lal and Sons (EP) Ltd. [2009] 308 ITR 438 and it was held that the order of this nature could not be set aside on the ground that requirement of section 271(1)(c) of the Act was not made. Existence or otherwise of satisfaction was not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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