2019 (1) TMI 961

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..... NJUNATHA COTTON AND GINNING FACTORY [2013 (7) TMI 620 - KARNATAKA HIGH COURT]. Following the aforesaid judgment of this Court, the substantial question of law is answered in favour of the assessee - Income Tax Appeal No.225 of 2011 And Income Tax Appeal No.42 of 2012 - - - Dated:- 19-12-2018 - Mr. Justice Ravi Malimath For the Appellant : SRI: A. Shankar, Senior Counsel Along With Sri: .....

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..... for the Assessing Officer to specifically mention whether it is the case of concealment of income or furnishing inaccurate particulars for valid initiation of penalty proceedings? 4. Whether the rejection of deduction of disallowance of job working charges when the overall income is estimated and levying the penalty of such income is valid in law? 2. The learned Counsel submits that the .....

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