Shri Swami Saran Garg, vs. ITO, Ward 2 (3), 66, New Delhi. - Synopsis
Team SoOLEGAL 23 Dec 2019

That on the facts  and  in  the  circumstances  of  the case, the Ld. Commissioner Of Income Tax ( Appeals) has erred in sustaining the levy of penalty U/S 271(1)(C) . He  has not only failed to consider and appreciate the explanation given by the assessee in respect of the addition of Rs 15,00,000/- but has solely limited his order to the findings of appeal orders emanating from the quantum assessment. 

         

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