2019 (3) TMI 1161

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..... EMBER : Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-7, Ahmedabad dated 22.8.2017 passed for the Asstt.Year 2010-11. 2. Though the assessee has taken three grounds of appeal, but his grievance revolves around a single issue viz. the ld.CIT(A) has erred in confirming penalty of Rs. 2,82,4323/- which was imposed by the AO under section 271(1)(c) of the Act. 3. At the v .....

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..... e ld.DR on the other hand was unable to controvert this contention of the ld.counsel of the assessee. 4. After hearing both sides and considering material available on record, we find that sub-clause (iii) of section 271(1)(c) provides mechanism for quantification of penalty. It contemplates that the assessee would be directed to pay a sum in addition to taxes, if any, payable him, which shall no .....

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