9911796707
TMI Blog2019 (4) TMI 832X X X X Extracts X X X X X X X X Extracts X X X X ..... MEERUT [2018 (9) TMI 709 - ITAT DELHI] in the computation of income the assessee has duly disclosed all the particulars of her income and under the head “Income with full exemption” the assessee has claimed dividend income as exempt and also long term capital gain on which STT is paid which is also exempt from tax. As find that during the course of scrutiny assessment proceedings the AO has proce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CIT(A) erred in confirming the levy of penalty imposed of ₹ 2,15,500/- u/s 271(1)(c) of the Act. 3. The brief facts of the case are that the Assessing Officer completed the assessment for the year under consideration of the assessee at an income of ₹ 11,84,740/- by making an addition of ₹ 6,89,655/- on account of surrender of sale amount of the assessee in place of returned inco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee has duly disclosed all the particulars of her income and under the head "Income with full exemption" the assessee has claimed dividend income as exempt and also long term capital gain on which STT is paid which is also exempt from tax. I further find that during the course of scrutiny assessment proceedings the AO has proceeded by the assumption that the shares purchased and sold by the as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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