2017 (6) TMI 782

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..... ject. Furthermore we note that when assessing officer in the assessment order is finding the assessee guilty for furnishing of inaccurate particulars of income the assessing officer in the penalty order is holding that assessee has concealed income. In our considered opinion assessee has sought to revise the computation and withdrawn the claim of deduction under section 24(a). In our considered op .....

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..... 08 being the amount of addition to total income, by filing revised computation of income, as a result of computing income under the head 'Income from Other Sources' as against Income from House Property' as per original computation of total income filed along with return of income. 1.2 The Appellant prays that the penalty levied by the AO and confirmed by the Id. CIT(A) be deleted. .....

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..... peal learned CIT-A confirmed the action of the assessing officer. Against this order assessee is in appeal before us. 5. We have heard both the counsel and perused the records. We find that in this case the assessee has filed revised return of income withdrawing the deduction claimed under section 24a. No case has been made out that this revision was done on account of any query on the impugned .....

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