2019 (3) TMI 1263

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..... as been accepted substantially which do not suggest that there was furnishing of inaccurate particulars of income or concealment of income within the meaning of Section 271(1)(C). Therefore, the factual matrix does not inspire to concur with the stand of first appellate authority. Hence, we delete the impugned penalty. - Decided in favour of assessee. - I.T.A. No.758/Mum/2018 - - - Dated:- 22-3-2 .....

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..... re initiated u/s 271(1)(c) in the quantum assessment order and the assessee has been saddled with penalty of ₹ 1.02 Lacs by Ld. AO vide order dated 15/06/2016. 3. Subsequently, upon further appeal against quantum additions, the estimated additions were reduced to 12.5% by Ld. first appellate authority vide order dated 18/11/2017. Therefore, keeping in view the same, the Ld. first appellat .....

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