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TMI Blog2017 (6) TMI 1206X X X X Extracts X X X X X X X X Extracts X X X X ..... the impugned order dated 18th March 2013, passed by the learned Commissioner (Appeals)-I, Nagpur, relevant to the assessment year 2008-09. The effective ground raised by the assessee is reproduced below: - "On the facts and in the circumstances of the case, the learned Hon'ble Commissioner of Income Tax (Appeals)-II, was arbitrary and unjustified in confirming the penalty levied under section 27 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Smt. Kuntilabai Arunrao Khodankar, Kondhali, Teh. Katol Dist. Nagpur Survey no.40, admeasuring 0.97 H.R. at Mauza: Salai (Khurd) Khursapar, Tah. Katol Dist. Nagpur Rs. 90,000 4. Shri Kiritbhai Jivrajbhai Patel, Surya Nagar, Nagpur Survey no.30/2, admeasuring 1.62 H.R. at Mauza : Salai (Khurd) Khursapar, Tah. Katol Dist. Nagpur Rs. 3,00,000 3. The registered value shown in the sale dee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rd the arguments advanced by both the parties and perused the material on record. The facts are that, the assessee purchased the land from four parties whose details have been given at Page-1 of the penalty order. The Assessing Officer examined Shri Arun Khodankar. He deposed that he received a sum of Rs. 1,03,00,000 in cash from Shri Karim Kamruddin Malik over and above the registered value and h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r assessee placed reliance upon the law settled by the Hon'ble Jurisdictional High Court in the following decisions: - i) CIT v/s Shri Samson Perinchery, [2017] 392 ITR 4 (Bom.); ii) CIT & Ors. v/s M/s. SSA's Emerald Meadows, ITA no.380 of 2015, judgment dated 23rd November 2015; iii) CIT and Anr. v/s Manjunatha Cotton & Ginning Factory, [2013] 359 ITR 565 (Kar.); iv) Siddhi Home Makers ..... X X X X Extracts X X X X X X X X Extracts X X X X
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