2013 (3) TMI 750

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..... ue for assessment year 200405, following question of law has been framed for our consideration. Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding that there is no existence of quantum addition, in spite of the facts that the appeal under Section 261A of quantum addition is pending before Hon'ble High Court, Bombay ? And further just .....

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..... f Income Tax (A) that there is no dispute that facts with regard to sale and purchase of land was not concealed by the respondent assessee and in any event in the facts of the case two views are possible, thus, no penalty is imposable. 3. The submission of the Revenue is that as this Court has entertained its appeal from the order of the Tribunal in quantum proceedings, the appeal from the im .....

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