9911796707
TMI Blog2019 (3) TMI 908X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 11th January, 2018 of the CIT(A)-12, New Delhi, relating to Assessment Year 2008-09. While ITA No.3477/Del/2018 is the quantum appeal filed by the assessee against challenging the order of the CIT(A) sustaining various additions made by the Assessing Officer, ITA No.3478/Del/2018 relates to the order of the CIT(A) confirming the penalty levied by the Assessing Officer. ITA No.3477/Del/2018 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - wherein he estimated the normal income of the assessee at Rs. 1,10,000/- and long-term capital gain at Rs. 12,75,173/-. 3. Before CIT(A), the assessee, apart from challenging the addition on merit also challenged the validity of the reassessment proceedings. However, the ld.CIT(A) dismissed both the grounds and decided the appeal against the assessee. 4. Aggrieved with such order of the CIT(A) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . That Ld. AO and Ld. CIT(A) also erred in not following various judgments of jurisdictional High Court and ITAT. 9. That the appellant carves leave to add, alter, modify or delete any of the ground of appeal." 5. The ld. counsel for the assessee, at the outset, filed copy of the assessment order in the case of one of the co-owners and submitted that the Assessing Officer in the said order has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll decide the issue as per fact and law. I hold accordingly. The grounds raised by the assessee are accordingly allowed for statistical purposes. ITA No.3478/Del/2018 6. The assessee in his grounds of appeal has challenged the order of the CIT(A) in confirming the levy of penalty of Rs. 2,88,955/- u/s 271(1)(c) of the IT Act. After hearing both the sides and considering the fact that the quantum ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
