RAMESH CHAND BANSAL, BEAWAR V. DCIT, Ajmer

ITA 398/JPR/2015

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 3598 (ITAT-JAIPUR)
• Duration Of Justice: 4 year(s) 5 day(s)
• Appeal Type: Income Tax (International Taxation) Appeal
• Pronouncement Date: 29-04-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2007-2008
• Appeal Filed On: 24-04-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SEEMA MEENA JCIT DR DHK
• Keywords: Bogus purchase; Depreciation; Search and seizure; Principle of natural justice; Opportunity of cross examination; Initiation of penalty proceedings; Third party statement; Right to appeal; Revised return; Set aside
• Section: 271(1)(c); 143(3); 133A; 153A; 274; 251; 139(1); 139(4); 246; 27; 148; 132; 139

Judgement Text

ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 1 VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR JH FOT; IKY JKO] U;KF;D LNL; ,O JH HKKXPUN] YS[K K LNL; LNL; DS LE{K BEFORE: SHRI VIJAY PAL RAO, JM & SHRI BHAGCHAND, AM VK;DJ VIHY LA-@ ITA NO. 398,399, 400 & 401/JP/2015 FU/KZKJ.K O'K Z@ ASSESSMENT YEAR: 2007-08, 2008-09, 2009-10 & 2010-1 1 SHRI RAMESH CHAND BANSAL 27, RAVIDATT, ARYA NAGAR, BEAWAR CUKE VS. THE DCIT CENTRAL CIRCLE AJMER LFKK;H YS[KK LA-@THVKBZVKJ LA-@ PAN/GIR NO .: ACMPB 6056D VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT FU/KZKFJRH DH VKSJ LS@ ASSESSEE BY: SHRI MAHENDRA GARGIEYA, ADVOCATE JKTLO DH VKSJ LS@ REVENUE BY:SMT. SEEMA MEENA, JCIT - DR LQUOKBZ DH RKJH[K@ DATE OF HEARING : 06/06/2018 ?KKS'K .KK DH RKJH[K@ DATE OF PRONOUNCEMENT : 21/06/2018 VKNS'K@ ORDER PER BHAGCHAND, AM THESE FOUR APPEALS FILED BY THE ASSESSEE EMANATE FROM FOUR SEPARATE ORDERS OF THE LD. CIT(A)-2, UDAIPUR EACH DATED 25.03.2015 WHEREBY, PENALTIES IMPOSED U/S 271(1)(C) BY THE AO OF RS. 44,793/-, RS. 82,290 /-, RS. 8,06,490/- AND RS.57,680/- FOR A.YS. 2007-08 TO 2010-11 RESPECTIVE LY, HAVE BEEN CONFIRMED. SINCE IN ALL THE ABOVE YEARS, THE FACTS AND THE CON TROVERSY IS IDENTICAL THEREFORE, ALL THE APPEALS ARE BEING TAKEN UP FOR ADJUDICATION THR OUGH THIS CONSOLIDATED ORDER ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 2 HOWEVER, WE HAVE BASED THE FACTS AND THE ORDERS OF THE AUTHORITIES BELOW RELATING TO A.Y. 2009-10 IN ITA NO. 400/JP/2015 . 2.1 THE FACTS OF THE CASE ARE THAT A SEARCH WAS CAR RIED OUT AT THE RESIDENTIAL PREMISES, WHEREAS A SURVEY U/S 133A WAS CONDUCTED A T THE BUSINESS PREMISES OF THE ASSESSEE ON 13.10.2010. DURING THE COURSE OF S EARCH ON 13.10.2010, STATEMENTS OF ASSESSEE AND HIS WIFE WERE RECORDED U /S 132(4) OF THE ACT, WHEREIN THE ASSESSEE SURRENDERED A SUM OF RS. 25,00,000/- O N ACCOUNT OF UNEXPLAINED CASH AND ADVANCES VIDE ANS. TO Q. 15. HOWEVER, LATER ON WHILE FILING THE RETURNS OF INCOME U/S 153A, THE ADDITIONAL INCOME SO OFFERED W AS ENHANCED TO RS. 32,66,194/, WHICH WAS SEGREGATED FINANCIAL YEAR WIS E AS UNDER:- F.Y. 2006-07 (AY 2007-08) RS. 2,13,014/- F.Y. 2007-08 (AY 2008-09) RS. 3,25,004/- F.Y. 2008-09 (AY 2009-10) RS. 24,84,676/- F.Y. 2009-10 (AY 2010-11) RS. 2,43,500/- --------------------- TOTAL RS. 32,66,194/- IN A.Y. 2007-08 AND 2008-09 THE ASSESSEE DID NOT FI LE ANY RETURN OF INCOME U/S 139 HOWEVER, IN A.Y. 2009-10 AND 2010-11 THE ASSESSEE FILED RETURN OF INCOME DATED 30.03.2010 AND 31.03.2011 RESPECTIVELY. PURSUANT TO THE SEARCH, NOTICES U/S 153A WERE ISSUED IN ALL THE YEARS ON DATED 12.10.2011 RE QUIRING THE ASSESSEE TO FILE THE RETURN WITHIN 30 DAYS AND IN RESPONSE THERETO THE A SSESSEE FILLED RETURN OF INCOME DECLARING ADDITIONAL INCOME OF RS. 2,13,014/-, RS. 3,25,004/-, RS. 24,84,676/- AND ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 3 RS. 2,43,500/- FOR AY 2007-08, AY 2008-09, AY 2009- 10 AND AY 2010-11 RESPECTIVELY. ACCEPTING THE INCOME DECLARED IN THE RETURNS OF INCOME FILED U/S 153A, THE AO COMPLETED THE ASSESSMENTS WITHOUT MAK ING ANY ADDITION, WHATSOEVER. NO APPEAL WAS PREFERRED BY THE ASSESSEE AGAINST THE ASSESSMENT SO MADE. ON THE OTHER HAND, THE AO INITIATED PENALTY U/S 271(1)(C) INVOKING EXPL. 5A. ACCORDINGLY, SHOW CAUSE NOTICE U/S 274 R/W SECT ION 271(1)(C) OF THE ACT WERE ISSUED FOR ALL YEARS ON DATED 19.03.2013. IN RESPON SE, THE ASSESSEE FILED DETAILED SUBMISSION WHICH HAVE BEEN REPRODUCED BY THE AO IN RESPECTIVE PENALTY ORDERS. AFTER CONSIDERING THE SAME, THE AO IMPOSED PENALTI ES U/S 271(1)(C) ON THE GROUNDS THAT THE ADDITIONAL INCOME SO SURRENDERED W AS NOT VOLUNTARY IN AS MUCH AS IN ABSENCE OF SUCH ACTION, THE ASSESSEE WOULD NOT H AVE MADE THIS DISCLOSURE; MERELY FILLING OF RETURN OF INCOME U/S 153A DOES N OT EXONERATE THE ASSESSEE FROM THE CHARGE OF CONCEALMENT/ FURNISHING INACCURATE PA RTICULARS. THE AO INVOKED EXPL. 5A TO SEC. 271(1)(C) HOLDING THAT DESPITE DEC LARING OF HIGHER INCOME AFTER THE SEARCH, PENALTY CAN BE IMPOSED. HE ALSO ALLEGED THA T THE DECISION OF CIT VS. SURESH CHANDRA MITTAL (2001) 251 ITR 9 (SC) WAS NOT APPLIC ABLE ON THE FACTS OF THE PRESENT CASE. 2.2 AGGRIEVED, THE ASSESSEE CARRIED THE MATTER BEFO RE THE LD. CIT(A) WHO CONFIRMED THE PENALTY IN ALL THE 4 YEARS. FOR THE S AKE OF CONVENIENCE AND BREVITY OF THE CASE, THE FACTS AS EMERGES FROM THE ORDER OF TH E LD. CIT(A) FOR THE ASSESSMENT ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 4 YEARS 2007-08 TO ASSESSMENT YEAR 2010-11 AS TO CON FIRMING THE ABOVE PENALTY U/S 271(1) OF THE ACT BY THE LD. CIT(A) IS AS UNDER :- ASSESSMENT YEAR 2007-08 5. I HAVE GONE THROUGH THE BRIEF FACTS NARRATED B Y THE ASSESSING OFFICER AND THE APPELLANT AND THE APPLICABLE PROVISION OF L AW ON CONCEALMENT OF PENALTY FOR SEARCH CASE IN WHICH SEARCH HAD BEEN CO NDUCTED ON OR AFTER 01- 06-2007 BUT BEFORE 01-07-2012. 5.1 IT IS TRUE THAT THE APPELLANT HAS HONOURED THE UNDISCLOSED INCOME THAT WAS SURRENDERED DURING SEARCH AND ALSO HAS DIS CLOSED THE SAME IN RESPECTIVE PREVIOUS YEARS. THE RETURNS FOR THESE YE ARS AS FILED BY APPELLANT, INCLUDES THE UNDISCLOSED INCOME THAT WAS SURRENDERE D HAS ALSO BEEN ACCEPTED AS IT IS. 5.2 HOWEVER, AS EXPLAINED BY THE APPELLANT HIMSELF, THE CONCEALMENT PENALTY PROVISION U/S 271AAA REWARDS ONLY THOSE TAX PAYER WHOSE UNDISCLOSED INCOME FALLS WITHIN THE SPECIFIED PREVI OUS YEAR AND IF UNDISCLOSED INCOME FALLS IN THE PREVIOUS YEARS OTH ER THAN THE SPECIFIED PREVIOUS YEARS THEN THE CONCEALMENT PENALTY PROVISI ON OF EXPLANATION 5A TO SECTION 271(1) STRAIGHT WAY PROVIDE DEEMING PRO VISIONS FOR CONCEALMENT OF INCOME. IT STATES WHERE UNDISCLOSED INCOME FOR ANY PREVIOUS YEAR IS FOUND IN A CASE WHERE SEARCH WAS I NITIATED ON OR AFTER 10-06-2007 BUT THE TAX PAYER HAS NOT FILED THE RETU RN FOR THAT PREVIOUS YEAR, ALTHOUGH DUE DATE OF FILING HAS EXPIRED FOR THE PUR POSE OF IMPOSITION OF A PENALTY U/S 271(1)(C ) OF THE ACT, THE TAX PAYER BE DEEMED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHE D INACCURATE PARTICULARS OF SUCH INCOME. 5.3 AS PER THE EXPLANATION 5A TO SECTION 271(1)( C ) OF THE ACT, WHERE THE COURSE OF SEARCH INITIATED UNDER SECTION 132 ON OR AFTER 1-06-2007, THE APPELLANT IS FOUND TO BE THE OWNER OF (I) ANY MONEY, BULLION, JEWELLERY OR OTHER VALUABLE ARTICLE OR THING (HEREINAFTER IN THIS EXPLANATION REFERRED TO AS ASSETS) AND THE APPELLANT CLAIMS THAT SUCH ASSETS HAVE BEEN ACQUIRE D BY HIM BY UTILIZING (WHOLLY OR IN PART) HIS INCOME FOR ANY PREVIOUS YEA R; OR (II) ANY INCOME BASED ON ANY ENTRY IN ANY BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION AND HE CLAIMS THAT S UCH ENTRY IN THE BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION REPRES ENTS HIS INCOME (WHOLLY OR IN PART) FOR ANY PREVIOUS YEAR, WHICH HA S ENDED BEFORE THE DATE ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 5 OF SEARCH AND THE DUE DATE FOR FILING THE RETURN OF INCOME FOR SUCH YEAR HAS EXPIRED AND THE APPELLANT HAS NOT FILED THE RETURN THEN NOTWITHSTANDING THAT SUCH INCOME IS DECLARED BY HIM IN ANY RETURN OF INC OME FURNISHED ON OR AFTER THE DATE OF SEARCH, HE SHALL, FOR THE PURPOSE S OF IMPOSITION OF A PENALTY UNDER SECTION 271(1)( C) OF THE ACT, BE DEE MED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHED INACCURA TE PARTICULARS OF SUCH INCOME. 5.4 PRECISELY FOR THIS REASON OF APPLICABILITY OF T HE EXPLANATION 5A TO SECTION 271(1) ( C ) OF THE ACT, THE ASSESSING OFFI CER HAS LEVIED THE PENALTY AS MENTIONED AT PAGE 3 OF THE PENALTY ORDER. 5.5 AT THE COST OF REPETITION, IT IS TO MENTION HER E THAT IN THE INSTANT CASE, THE ASSESSMENT YEAR INVOLVED IS A.Y. 2007-08 AND THE DUE DATE OF FILING THE RETURN WAS 31-07-2007. THE SEARCH OPERAT ION WAS CONDUCTED ON 13-10-2010 I.E. AFTER THE DUE DATE FOR FILING THE R ETURN 31-07-2007. THAT MAKES THE EXPLANATION 5A TO SECTION 271(1)(C ) OF T HE ACT CLEARLY APPLICABLE. 5.6 EVEN NO RETURN WAS FILED U/S 139. THE TOTAL INC OME RETURNED IN THE RETURN IN RESPONSE TO NOTICE U/S 153A IS RS. 3,13,0 50/-. HENCE, THE PLEADING ON THE GROUND OF EQUITY ALSO FAILS. 5.7 THUS THOUGH SURRENDER WAS DURING THE SEARCH IN COURSE OF STATEMENTS U/S 132(4), THE DISCLOSURE U/S 132(4), B Y ITSELF CANNOT REDEEM THE APPELLANT FROM DEEMING PROVISIONS OF THE EXPLAN ATION 5A TO SECTION 271(1)( C) OF THE ACT. FACTUALLY SPEAKING THE STATE MENT U/S 132(4) WAS WRONG AND INCORRECT TO THE EXTENT THE UNDISCLOSED I NCOME WAS PERTAINING TO PREVIOUS YEARS OTHER THAN THE SPECIFIED PREVIOUS YEARS WAS INCLUDED IN THE STATEMENT U/S 132(4). SHOWING OF UNDISCLOSED IN COME SURRENDERED IN THE RELEVANT PREVIOUS YEARS WITH PAYING OR RELEVANT TAX AND INTEREST THEREON IS MERELY CONSEQUENTIAL AND CANNOT PULL OUT THE APP ELLANT FROM THE YOKE OF THE EXPLANATION 5A TO SECTION 271(1)( C) OF THE I.T . ACT. THEREFORE, THE PENALTY LEVIED OF RS. 44,793/- IS SUSTAINABLE AND IS HEREBY CONFIRMED . ASSESSMENT YEAR 2008-09 5. I HAVE GONE THROUGH THE BRIEF FACTS NARRATED B Y THE ASSESSING OFFICER AND THE APPELLANT AND THE APPLICABLE PROVISION OF L AW ON CONCEALMENT OF PENALTY FOR SEARCH CASE IN WHICH SEARCH HAD BEEN CO NDUCTED ON OR AFTER 01- 06-2007 BUT BEFORE 01-07-2012. 5.1 IT IS TRUE THAT THE APPELLANT HAS HONOURED THE UNDISCLOSED INCOME THAT WAS SURRENDERED DURING SEARCH AND ALSO HAS DIS CLOSED THE SAME IN RESPECTIVE PREVIOUS YEARS. THE RETURNS FOR THESE YE ARS AS FILED BY APPELLANT, ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 6 INCLUDES THE UNDISCLOSED INCOME THAT WAS SURRENDERE D HAS ALSO BEEN ACCEPTED AS IT IS. 5.2 HOWEVER, AS EXPLAINED BY THE APPELLANT HIMSELF, THE CONCEALMENT PENALTY PROVISION U/S 271AAA REWARDS ONLY THOSE TAX PAYER WHOSE UNDISCLOSED INCOME FALLS WITHIN THE SPECIFIED PREVI OUS YEAR AND IF UNDISCLOSED INCOME FALLS IN THE PREVIOUS YEARS OTH ER THAN THE SPECIFIED PREVIOUS YEARS THEN THE CONCEALMENT PENALTY PROVISI ON OF EXPLANATION 5A TO SECTION 271(1) STRAIGHT WAY PROVIDE DEEMING PRO VISIONS FOR CONCEALMENT OF INCOME. IT STATES WHERE UNDISCLOSED INCOME FOR ANY PREVIOUS YEAR IS FOUND IN A CASE WHERE SEARCH WAS I NITIATED ON OR AFTER 10-06-2007 BUT THE TAX PAYER HAS NOT FILED THE RETU RN FOR THAT PREVIOUS YEAR, ALTHOUGH DUE DATE OF FILING HAS EXPIRED FOR THE PUR POSE OF IMPOSITION OF A PENALTY U/S 271(1)(C ) OF THE ACT, THE TAX PAYER BE DEEMED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHE D INACCURATE PARTICULARS OF SUCH INCOME. 5.3 AS PER THE EXPLANATION 5A TO SECTION 271(1)( C ) OF THE ACT, WHERE THE COURSE OF SEARCH INITIATED UNDER SECTION 132 ON OR AFTER 1-06-2007, THE APPELLANT IS FOUND TO BE THE OWNER OF (I) ANY MONEY, BULLION, JEWELLERY OR OTHER VALUABLE ARTICLE OR THING (HEREINAFTER IN THIS EXPLANATION REFERRED TO AS ASSETS) AND THE APPELLANT CLAIMS THAT SUCH ASSETS HAVE BEEN ACQUIRE D BY HIM BY UTILIZING (WHOLLY OR IN PART) HIS INCOME FOR ANY PREVIOUS YEA R; OR (II) ANY INCOME BASED ON ANY ENTRY IN ANY BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION AND HE CLAIMS THAT S UCH ENTRY IN THE BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION REPRES ENTS HIS INCOME (WHOLLY OR IN PART) FOR ANY PREVIOUS YEAR, WHICH HA S ENDED BEFORE THE DATE OF SEARCH AND THE DUE DATE FOR FILING THE RETURN OF INCOME FOR SUCH YEAR HAS EXPIRED AND THE APPELLANT HAS NOT FILED THE RETURN THEN NOTWITHSTANDING THAT SUCH INCOME IS DECLARED BY HIM IN ANY RETURN OF INC OME FURNISHED ON OR AFTER THE DATE OF SEARCH, HE SHALL, FOR THE PURPOSE S OF IMPOSITION OF A PENALTY UNDER SECTION 271(1)( C) OF THE ACT, BE DEE MED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHED INACCURA TE PARTICULARS OF SUCH INCOME. 5.4 PRECISELY FOR THIS REASON OF APPLICABILITY OF T HE EXPLANATION 5A TO SECTION 271(1) ( C ) OF THE ACT, THE ASSESSING OFFI CER HAS LEVIED THE PENALTY AS MENTIONED AT PAGE 3 OF THE PENALTY ORDER. 5.5 AT THE COST OF REPETITION, IT IS TO MENTION HER E THAT IN THE INSTANT CASE, THE ASSESSMENT YEAR INVOLVED IS A.Y. 2008-09 AND THE DUE DATE OF FILING THE RETURN WAS 31-07-2008. THE SEARCH OPERAT ION WAS CONDUCTED ON ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 7 13-10-2010 I.E. AFTER THE DUE DATE FOR FILING THE R ETURN 31-07-2008. THAT MAKES THE EXPLANATION 5A TO SECTION 271(1)(C ) OF T HE ACT CLEARLY APPLICABLE. 5.6 EVEN NO RETURN WAS FILED U/S 139. THE TOTAL INC OME RETURNED IN THE RETURN IN RESPONSE TO NOTICE U/S 153A IS RS. 4,68,0 40/-. HENCE, THE PLEADING ON THE GROUND OF EQUITY ALSO FAILS. 5.7 THUS THOUGH SURRENDER WAS DURING THE SEARCH IN COURSE OF STATEMENTS U/S 132(4), THE DISCLOSURE U/S 132(4), B Y ITSELF CANNOT REDEEM THE APPELLANT FROM DEEMING PROVISIONS OF THE EXPLAN ATION 5A TO SECTION 271(1)( C) OF THE ACT. FACTUALLY SPEAKING THE STATE MENT U/S 132(4) WAS WRONG AND INCORRECT TO THE EXTENT THE UNDISCLOSED I NCOME WAS PERTAINING TO PREVIOUS YEARS OTHER THAN THE SPECIFIED PREVIOUS YEARS WAS INCLUDED IN THE STATEMENT U/S 132(4). SHOWING OF UNDISCLOSED IN COME SURRENDERED IN THE RELEVANT PREVIOUS YEARS WITH PAYING OR RELEVANT TAX AND INTEREST THEREON IS MERELY CONSEQUENTIAL AND CANNOT PULL OUT THE APP ELLANT FROM THE YOKE OF THE EXPLANATION 5A TO SECTION 271(1)( C) OF THE I.T . ACT. THEREFORE, THE PENALTY LEVIED OF RS. 82,290/- IS SUSTAINABLE AND I S HEREBY CONFIRMED. ASSESSMENT YEAR 2009-10 5. I HAVE GONE THROUGH THE BRIEF FACTS NARRATED B Y THE ASSESSING OFFICER AND THE APPELLANT AND THE APPLICABLE PROVISION OF L AW ON CONCEALMENT OF PENALTY FOR SEARCH CASE IN WHICH SEARCH HAD BEEN CO NDUCTED ON OR AFTER 01- 06-2007 BUT BEFORE 01-07-2012. 5.1 IT IS TRUE THAT THE APPELLANT HAS HONOURED THE UNDISCLOSED INCOME THAT WAS SURRENDERED DURING SEARCH AND ALSO HAS DIS CLOSED THE SAME IN RESPECTIVE PREVIOUS YEARS. THE RETURNS FOR THESE YE ARS AS FILED BY APPELLANT, INCLUDES THE UNDISCLOSED INCOME THAT WAS SURRENDERE D HAS ALSO BEEN ACCEPTED AS IT IS. 5.2 HOWEVER, AS EXPLAINED BY THE APPELLANT HIMSELF, THE CONCEALMENT PENALTY PROVISION U/S 271AAA REWARDS ONLY THOSE TAX PAYER WHOSE UNDISCLOSED INCOME FALLS WITHIN THE SPECIFIED PREVI OUS YEAR AND IF UNDISCLOSED INCOME FALLS IN THE PREVIOUS YEARS OTH ER THAN THE SPECIFIED PREVIOUS YEARS THEN THE CONCEALMENT PENALTY PROVISI ON OF EXPLANATION 5A TO SECTION 271(1) STRAIGHT WAY PROVIDE DEEMING PRO VISIONS FOR CONCEALMENT OF INCOME. IT STATES WHERE UNDISCLOSED INCOME FOR ANY PREVIOUS YEAR IS FOUND IN A CASE WHERE SEARCH WAS I NITIATED ON OR AFTER 10-06-2007 BUT THE TAX PAYER HAS NOT FILED THE RETU RN FOR THAT PREVIOUS YEAR, ALTHOUGH DUE DATE OF FILING HAS EXPIRED FOR THE PUR POSE OF IMPOSITION OF A PENALTY U/S 271(1)(C ) OF THE ACT, THE TAX PAYER BE DEEMED TO HAVE ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 8 CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHE D INACCURATE PARTICULARS OF SUCH INCOME. 5.3 AS PER THE EXPLANATION 5A TO SECTION 271(1)( C ) OF THE ACT, WHERE THE COURSE OF SEARCH INITIATED UNDER SECTION 132 ON OR AFTER 1-06-2007, THE APPELLANT IS FOUND TO BE THE OWNER OF (I) ANY MONEY, BULLION, JEWELLERY OR OTHER VALUABLE ARTICLE OR THING (HEREINAFTER IN THIS EXPLANATION REFERRED TO AS ASSETS) AND THE APPELLANT CLAIMS THAT SUCH ASSETS HAVE BEEN ACQUIRE D BY HIM BY UTILIZING (WHOLLY OR IN PART) HIS INCOME FOR ANY PREVIOUS YEA R; OR (II) ANY INCOME BASED ON ANY ENTRY IN ANY BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION AND HE CLAIMS THAT S UCH ENTRY IN THE BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION REPRES ENTS HIS INCOME (WHOLLY OR IN PART) FOR ANY PREVIOUS YEAR, WHICH HA S ENDED BEFORE THE DATE OF SEARCH AND THE DUE DATE FOR FILING THE RETURN OF INCOME FOR SUCH YEAR HAS EXPIRED AND THE APPELLANT HAS NOT FILED THE RETURN THEN NOTWITHSTANDING THAT SUCH INCOME IS DECLARED BY HIM IN ANY RETURN OF INC OME FURNISHED ON OR AFTER THE DATE OF SEARCH, HE SHALL, FOR THE PURPOSE S OF IMPOSITION OF A PENALTY UNDER SECTION 271(1)( C) OF THE ACT, BE DEE MED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHED INACCURA TE PARTICULARS OF SUCH INCOME. 5.4 PRECISELY FOR THIS REASON OF APPLICABILITY OF T HE EXPLANATION 5A TO SECTION 271(1) ( C ) OF THE ACT, THE ASSESSING OFFI CER HAS LEVIED THE PENALTY AS MENTIONED AT PAGE 3 OF THE PENALTY ORDER. 5.5 AT THE COST OF REPETITION, IT IS TO MENTION HER E THAT IN THE INSTANT CASE, THE ASSESSMENT YEAR INVOLVED IS A.Y. 2009-10 AND THE DUE DATE OF FILING THE RETURN WAS 31-07-2009. THE SEARCH OPERAT ION WAS CONDUCTED ON 13-10-2010 I.E. AFTER THE DUE DATE FOR FILING THE R ETURN 31-07-2009. THAT MAKES THE EXPLANATION 5A TO SECTION 271(1)(C ) OF T HE ACT CLEARLY APPLICABLE. 5.6 EVEN NO RETURN WAS FILED ON 30-03-2010 U/S 139 WAS BELATED ONE AS IT WAS FILED AFTER DUE DATE FOR FILING THE RETURN I .E. 31-07-2009. THE TOTAL INCOME RETURNED IN ORIGINAL RETURN WAS ONLY RS. 2,2 8,500/- THAT WAS REVISED TO RS. 27,13,170/- IN THE RETURN IN RESPONSE TO NOT ICE U/S 153A IS RS. 3,13,050/-. HENCE, THE PLEADING ON THE GROUND OF EQ UITY ALSO FAILS. 5.7 THUS THOUGH SURRENDER WAS DURING THE SEARCH IN COURSE OF STATEMENTS U/S 132(4), THE DISCLOSURE U/S 132(4), B Y ITSELF CANNOT REDEEM THE APPELLANT FROM DEEMING PROVISIONS OF THE EXPLAN ATION 5A TO SECTION 271(1)( C) OF THE ACT. FACTUALLY SPEAKING THE STATE MENT U/S 132(4) WAS ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 9 WRONG AND INCORRECT TO THE EXTENT THE UNDISCLOSED I NCOME WAS PERTAINING TO PREVIOUS YEARS OTHER THAN THE SPECIFIED PREVIOUS YEARS WAS INCLUDED IN THE STATEMENT U/S 132(4). SHOWING OF UNDISCLOSED IN COME SURRENDERED IN THE RELEVANT PREVIOUS YEARS WITH PAYING OR RELEVANT TAX AND INTEREST THEREON IS MERELY CONSEQUENTIAL AND CANNOT PULL OUT THE APP ELLANT FROM THE YOKE OF THE EXPLANATION 5A TO SECTION 271(1)( C) OF THE I.T . ACT. THEREFORE, THE PENALTY LEVIED OF RS. 8,06,490/- IS SUSTAINABLE AND IS HEREBY CONFIRMED. ASSESSMENT YEAR 2010-11 5. I HAVE GONE THROUGH THE BRIEF FACTS NARRATED B Y THE ASSESSING OFFICER AND THE APPELLANT AND THE APPLICABLE PROVISION OF L AW ON CONCEALMENT OF PENALTY FOR SEARCH CASE IN WHICH SEARCH HAD BEEN CO NDUCTED ON OR AFTER 01- 06-2007 BUT BEFORE 01-07-2012. 5.1 IT IS TRUE THAT THE APPELLANT HAS HONOURED THE UNDISCLOSED INCOME THAT WAS SURRENDERED DURING SEARCH AND ALSO HAS DIS CLOSED THE SAME IN RESPECTIVE PREVIOUS YEARS. THE RETURNS FOR THESE YE ARS AS FILED BY APPELLANT, INCLUDES THE UNDISCLOSED INCOME THAT WAS SURRENDERE D HAS ALSO BEEN ACCEPTED AS IT IS. 5.2 HOWEVER, AS EXPLAINED BY THE APPELLANT HIMSELF, THE CONCEALMENT PENALTY PROVISION U/S 271AAA REWARDS ONLY THOSE TAX PAYER WHOSE UNDISCLOSED INCOME FALLS WITHIN THE SPECIFIED PREVI OUS YEAR AND IF UNDISCLOSED INCOME FALLS IN THE PREVIOUS YEARS OTH ER THAN THE SPECIFIED PREVIOUS YEARS THEN THE CONCEALMENT PENALTY PROVISI ON OF EXPLANATION 5A TO SECTION 271(1) STRAIGHT WAY PROVIDE DEEMING PRO VISIONS FOR CONCEALMENT OF INCOME. IT STATES WHERE UNDISCLOSED INCOME FOR ANY PREVIOUS YEAR IS FOUND IN A CASE WHERE SEARCH WAS I NITIATED ON OR AFTER 10-06-2007 BUT THE TAX PAYER HAS NOT FILED THE RETU RN FOR THAT PREVIOUS YEAR, ALTHOUGH DUE DATE OF FILING HAS EXPIRED FOR THE PUR POSE OF IMPOSITION OF A PENALTY U/S 271(1)(C ) OF THE ACT, THE TAX PAYER BE DEEMED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHE D INACCURATE PARTICULARS OF SUCH INCOME. 5.3 AS PER THE EXPLANATION 5A TO SECTION 271(1)( C ) OF THE ACT, WHERE THE COURSE OF SEARCH INITIATED UNDER SECTION 132 ON OR AFTER 1-06-2007, THE APPELLANT IS FOUND TO BE THE OWNER OF (I) ANY MONEY, BULLION, JEWELLERY OR OTHER VALUABLE ARTICLE OR THING (HEREINAFTER IN THIS EXPLANATION REFERRED TO AS ASSETS) AND THE APPELLANT CLAIMS THAT SUCH ASSETS HAVE BEEN ACQUIRE D BY HIM BY UTILIZING (WHOLLY OR IN PART) HIS INCOME FOR ANY PREVIOUS YEA R; OR ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 10 (II) ANY INCOME BASED ON ANY ENTRY IN ANY BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION AND HE CLAIMS THAT S UCH ENTRY IN THE BOOKS OF ACCOUNT OR OTHER DOCUMENTS OR TRANSACTION REPRES ENTS HIS INCOME (WHOLLY OR IN PART) FOR ANY PREVIOUS YEAR, WHICH HA S ENDED BEFORE THE DATE OF SEARCH AND THE DUE DATE FOR FILING THE RETURN OF INCOME FOR SUCH YEAR HAS EXPIRED AND THE APPELLANT HAS NOT FILED THE RETURN THEN NOTWITHSTANDING THAT SUCH INCOME IS DECLARED BY HIM IN ANY RETURN OF INC OME FURNISHED ON OR AFTER THE DATE OF SEARCH, HE SHALL, FOR THE PURPOSE S OF IMPOSITION OF A PENALTY UNDER SECTION 271(1)( C) OF THE ACT, BE DEE MED TO HAVE CONCEALED THE PARTICULARS OF HIS INCOME OR FURNISHED INACCURA TE PARTICULARS OF SUCH INCOME. 5.4 PRECISELY FOR THIS REASON OF APPLICABILITY OF T HE EXPLANATION 5A TO SECTION 271(1) ( C ) OF THE ACT, THE ASSESSING OFFI CER HAS LEVIED THE PENALTY AS MENTIONED AT PAGE 3 OF THE PENALTY ORDER. 5.5 AT THE COST OF REPETITION, IT IS TO MENTION HER E THAT IN THE INSTANT CASE, THE ASSESSMENT YEAR INVOLVED IS A.Y. 2010-11 AND THE DUE DATE OF FILING THE RETURN WAS 31-07-2010. THE SEARCH OPERAT ION WAS CONDUCTED ON 13-10-2010 I.E. AFTER THE DUE DATE FOR FILING THE R ETURN 31-07-2010. THAT MAKES THE EXPLANATION 5A TO SECTION 271(1)(C ) OF T HE ACT CLEARLY APPLICABLE. 5.6 EVEN NO RETURN WAS FILED ON 31-03-2010 U/S 139 WAS BELATED IT WAS FILED AFTER THE DUE DATE FOR FILING THE RETURN I.E. 31-07-2010 AND MUCH AFTER THE DATE OF SEARCH DATE 13-10-2010. THE TOTAL INCOM E RETURNED IN ORIGINAL RETURN WAS ONLY RS. 13,14,480/- THAT WAS REVISED TO RS. 15,94,500/- IN THE RETURN IN RESPONSE TO NOTICE U/S 153A. HENCE, THE P LEADING ON THE GROUND OF EQUITY ALSO FAILS. 5.7 THUS THOUGH SURRENDER WAS DURING THE SEARCH IN COURSE OF STATEMENTS U/S 132(4), THE DISCLOSURE U/S 132(4), B Y ITSELF CANNOT REDEEM THE APPELLANT FROM DEEMING PROVISIONS OF THE EXPLAN ATION 5A TO SECTION 271(1)( C) OF THE ACT. FACTUALLY SPEAKING THE STATE MENT U/S 132(4) WAS WRONG AND INCORRECT TO THE EXTENT THE UNDISCLOSED I NCOME WAS PERTAINING TO PREVIOUS YEARS OTHER THAN THE SPECIFIED PREVIOUS YEARS WAS INCLUDED IN THE STATEMENT U/S 132(4). SHOWING OF UNDISCLOSED IN COME SURRENDERED IN THE RELEVANT PREVIOUS YEARS WITH PAYING OR RELEVANT TAX AND INTEREST THEREON IS MERELY CONSEQUENTIAL AND CANNOT PULL OUT THE APP ELLANT FROM THE YOKE OF THE EXPLANATION 5A TO SECTION 271(1)( C) OF THE I.T . ACT. THEREFORE, THE PENALTY LEVIED OF RS. 57,680/- IS SUSTAINABLE AND I S HEREBY CONFIRMED. ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 11 IT IS PERTINENT TO MENTION THAT THE LD. CIT(A) UPHE LD THE IMPUGNED PENALTIES, ON THE SAME GROUNDS IDENTICALLY. HENCE THE ASSESSEE IS IN APPEAL BEFORE US FOR THE ABOVE ASSESSMENT YEARS 2.3 DURING THE COURSE OF THE HEARING, THE ASSESSEE PRAYED FOR ADMISSION OF FOLLOWING ADDITIONAL GROUNDS OF APPEAL ON DATED 27. 02.2017, IN ALL THE YEARS 3. THE LD. AO ERRED IN LAW AS WELL AS ON THE FACTS OF THE CASE IN IMPOSING & INITIATING AND THE LD. CIT(A) ALSO ERRED IN CONFIR MING THE PENALTY IMPOSED U/S 271(1) (C) R/W EXPLANATION 5A OF THE ACT EVEN T HOUGH THE SEARCH & SEIZURE, IN THIS CASE WAS CONDUCTED AFTER 01.06.200 7 BUT BEFORE 31.07.2012 I.E. ON DATED 13.10.2010 AND THEREFORE, IT IS ONLY SEC.271AAA OF THE ACT, WHICH COULD HAVE BEEN INITIATED, IF AT ALL IT WAS S O REQUIRED. HENCE, THE IMPUGNED PENALTY SO IMPOSED & CONFIRMED BEING TOTAL LY CONTRARY TO THE PROVISIONS OF LAW AND FACTS KINDLY BE QUASHED. 4. THAT THE SHOW CAUSE NOTICE ISSUED U/S 274 R/W 27 1(1)(C) OF THE ACT, IS QUITE VAGUE AND DID NOT AT ALL SPECIFY WHICH LIMB OF SECT ION 271(1)(C) OF THE ACT, THE PENALTY PROCEEDINGS HAD BEEN INITIATED I.E., WHETHE R FOR CONCEALMENT PARTICULARS OF INCOME OR FURNISHING OF INACCURATE P ARTICULARS OF INCOME. THE IMPUGNED PENALTY BASED ON SUCH A NOTICE BEING CONTR ARY TO THE PROVISIONS OF LAW & FACTS KINDLY BE QUASHED. 2.4 FIRST OF ALL WE TAKE UP THE ADDITIONAL GROUNDS WHICH IS COMMON IN ALL THE APPEALS. THE LD. AR WHO APPEARED FOR THE ASSESSEE SUBMITTED THAT THESE ARE PURELY LEGAL GROUNDS OF APPEAL AND DO NOT REQUIRE ANY FRES H INVESTIGATION OF FACTS AND THEREFORE RELYING UPON THE JUDGMENT OF NATIONAL THERMAL POWER CORPORATION LTD. 229 ITR 383 (SC), PRAYED THAT THE SAME MAY BE ADMITTED, CONSIDERED AN D DECIDED. ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 12 2.5 WE HAVE HEARD THE RIVAL CONTENTIONS AND PERUSED THE MATERIALS AVAILABLE ON RECORD. MOREOVER, IT IS ALSO NOT DISPUTED THAT THE RELEVANT FACTS TO DECIDE THE ADDITIONAL GROUNDS ARE ALREADY AVAILABLE ON RECORD, OTHERWISE ALSO THESE ARE PURE LEGAL GROUNDS. ACCORDINGLY, IN VIEW OF THE DECISION OF HONBLE SUPREME COURT IN CASE OF NATIONAL THERMAL POWER CO. LTD. VS. CIT 229 ITR 383 (SUPRA) THE ADDITIONAL GROUNDS RAISED BY THE ASSESSEE ARE ADMIT TED FOR ADJUDICATION. 2.6 SINCE THE ADDITIONAL GROUND NO 4 OF THE ASSESSE E GOES TO THE ROOT OF THE LEGALITY OF LEVY OF PENALTY, THEREFORE, WE ARE DECI DING THE SAME FIRST. WHILE PLEADING ON BEHALF OF THE ASSESSEE, THE LD AR HAS S UBMITTED WRITTEN SUBMISSIONS WHEREIN HE HAS MADE THE PLEADINGS, WHICH ARE REPROD UCED AS UNDER: IN ALL THE ABOVE YEARS, THE FACTS AND THE CONTROV ERSY IS IDENTICAL THEREFORE, THIS COMMON WS IS FILED FOR ALL THE YEARS I.E. AY 2007-08 TO AY 2010-11. SUBMISSIONS : 1.FIRSTLY, WE STRONGLY RELY UPON THE WRITTEN SUBMISSIONS FILED BEFORE THE LD. CIT (A) IN ALL THE YEARS PLACED IN THE PB 12-45 AS ALSO REPRODUCED IN THE ORDER OF THE LD. CIT(A). 2. THE IMPUGNED PENALTY IS WITHOUT JURISDICTION: 2.1. A PERUSAL OF THE SHOW CAUSE NOTICES FOR ALL THE YE ARS ISSUED U/S 274 R/W 271(1)(C) DATED 19.03.2013 (PB 66-66C) , IT IS NOT AT ALL CLEAR AS TO FOR WHAT PRECISE CHARGE , THE APPELLANT WAS ASKED TO SHOW CAUSE VIZ. WHETHER TH E CHARGE IS THAT THE ASSESSEE HAS FURNISHED INACCURATE PARTICULARS OF INCOME OR I T WAS FOR CONCEALING PARTICULARS OF SUCH INCOME IN AS MUCH AS A BARE PERUSAL OF THE SAID SHO W CAUSE NOTICE CLEARLY REVEAL THAT THE INAPPROPRIATE WORDS/UNWANTED CHARGE HAS NOT BEEN ST RUCK OFF. THE AO NEITHER SCORED OUT NOR TICKED WHICH PARTICULAR PART OF ALLEGED OFFENCE , HE WAS RELYING IN AS MUCH AS THE WORDS AND/OR HAVE BEEN USED BETWEEN THE TWO OFFENCES. FOR BETTER APPRECIATION RELEVANT EXTRACT FROM SCN, IS REPRODUCED HEREUNDER: ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 13 X X X X IT APPEARS TO ME THAT YOU HAVE CONCEALED T HE PARTICULARS OF YOUR INCOME AND/OR FURNISHED INACCURATE PARTICULARS OF INCOME. ON THE OTHER HAND IN THE ASSESSMENT ORDERS FOR AY 2009-10 AND 2010-11 AT PG 3, THE AO HAS STATED AS UNDER: X X X X PENALTY PROCEEDINGS U/S 271(1)(C) FOR CONCEALMENT OF INCOME AND FURNISHING INACCURATE PARTICULARS OF HI S INCOME ARE INITIATED ON THIS POINT HOWEVER, IN THE ASSESSMENT ORDERS FOR AY 2007-08 AND 2008-09 AT PG 2 PR 5, IT IS STATED THAT: X X X X THE PENALTY PROCEEDINGS U/S 271(1)(C) ARE SEPARATELY INITIATED ON THIS ISSUE. FURTHER, IN THE IMPUGNED PENALTY ORDERS FOR ALL THE YEARS AGAIN THE POSITION IS NOT BETTER THAN WHAT WAS IN THE ASSESSMENT ORDERS IN AS MUCH A S ON THE LAST PAGE OF ALL THE PENALTY ORDERS, IN ONE PR. THE AO ALLEGED THAT THE ASSESSE E HAS CONCEALED PARTICULARS OF INCOME OR FURNISHED INACCURATE PARTICULARS OF SUCH INCOME WHEREAS IN THE NEXT PR. HE HAS ALLEGED THAT THE ASSESSEE HAS CONCEALED PARTICULAR S OF INCOME AND FURNISHED INACCURATE PARTICULARS OF SUCH INCOME. 2.1.2. IT IS FURTHER SUBMITTED THAT THE AO DID NOT APPREC IATE THAT THE TWO LIMBS I.E. THE CONCEALMENT OF INCOME AND FURNISHING OF INACCURATE PARTICULARS OF INCOME CARRY DIFFERENT CONNOTATIONS, AS HELD IN THE CASE OF T. ASHOK PAI (2007) 292 ITR 11 (SC) AT PAGE 19. THIS WAS TAKEN NOTE IN MANJUNATHA (SUPRA) IN PR. 61. THE USE OF BOTH THE LIMBS BY THE AO MECHANICALLY, CLEARLY SHOWS A COMPLETE NON APPLI CATION OF MIND ON HIS PART AND THE REQUISITE SATISFACTION , THIS WAY, IS NOT AT ALL DISCERNABLE FROM THE ASSESSMENT ORDERS N OR FROM THE PENALTY ORDERS OF ALL THE YEARS . 2.2. SUPPORTING CASE LAWS: 2.2.1. THE HONBLE KARNATAKA HIGH COURT IN THE CASE OF CIT & ANR. V. MANJUNATHA COTTON AND GINNING FACTORY 359 ITR 565 (KARN) , HAS HELD THAT NOTICE U/S 274 OF THE ACT SHOULD SPECIFICALLY STATE AS TO WHETHER PENALTY IS BEING PROPOSED TO BE IMPO SED FOR CONCEALMENT OF PARTICULARS OF INCOME OR FOR FURNISH ING INACCURATE PARTICULARS OF INCOME. THE HONBLE HIGH COURT HAS FURTHER LAID DOWN THAT C ERTAIN PRINTED FORM WHERE ALL THE GROUNDS GIVEN IN SEC. 271 ARE GIVEN WOULD NOT SATIS FY THE REQUIREMENT OF LAW. IN THE SAID CASE IN PR. 59 IT WAS HELD THAT: NOTICE UNDER SEC. 274 59. AS THE PROVISION STANDS, THE PENALTY PROCEEDING S CAN BE INITIATED ON VARIOUS GROUND SET OUT THEREIN. IF THE ORDER PASSED BY THE AUTHORITY CATEGORICALLY RECORDS A FINDING REGARDING THE EXISTENCE OF ANY SAID GROUN DS MENTIONED THEREIN AND THEN PENALTY PROCEEDINGS IS INITIATED, IN THE NOTICE TO BE ISSUED UNDER SECTION 274, THEY ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 14 COULD CONVENIENTLY REFER TO THE SAID ORDER WHICH CO NTAINS THE SATISFACTION OF THE AUTHORITY WHICH HAS PASSED THE ORDER. HOWEVER, IF T HE EXISTENCE OF THE CONDITIONS COULD NOT BE DISCERNED FROM THE SAID ORDER AND IF I T IS A CASE OF RELYING ON DEEMING PROVISION CONTAINED IN EXPL.-1 OR IN EXPL.- 1(B), THEN THOUGH PENALTY PROCEEDINGS ARE IN THE NATURE OF CIVIL LIABILITY, I N FACT, IT IS PENAL IN NATURE. IN EITHER EVENT, THE PERSON WHO IS ACCUSED OF THE COND ITIONS MENTIONED IN SECTION 271 SHOULD BE MADE KNOWN ABOUT THE GROUNDS ON WHICH THE Y INTEND IMPOSING PENALTY ON HIM AS THE SECTION 274 MAKES IT CLEAR THAT ASSES SEE HAS A RIGHT TO CONTEST SUCH PROCEEDINGS AND SHOULD HAVE FULL OPPORTUNITY TO MEE T THE CASE OF THE DEPARTMENT AND SHOW THAT THE CONDITIONS STIPULATED IN SECTION 271(1)(C) DO NOT EXIST AS SUCH HE IS NOT LIABLE TO PAY PENALTY. THE PRACTICE OF TH E DEPARTMENT SENDING A PRINTED FARM WHERE ALL THE GROUND MENTIONED IN SECTION 271 ARE MENTIONED WOULD NOT SATISFY REQUIREMENT OF LAW WHEN THE CONSEQUENCES OF THE ASSESSEE NOT REBUTTING THE INITIAL PRESUMPTION IS SERIOUS IN NATURE AND HE HAD TO PAY PENALTY FROM 100% TO 300% OF THE TAX LIABILITY. AS THE SAID PROVISION S HAVE TO BE HELD TO BE STRICTLY CONSTRUED, NOTICE ISSUED UNDER SECTION 274 SHOULD S ATISFY THE GROUNDS WHICH HE HAS TO MEET SPECIFICALLY. OTHERWISE, PRINCIPLES OF NATURAL JUSTICE IS OFFENDED IF THE SHOW CAUSE NOTICE IS VAGUE. ON THE BASIS OF SUCH PR OCEEDINGS, NO PENALTY COULD BE IMPOSED ON THE ASSESSEE. THE HONBLE COURT ALSO HELD THAT INITIATING PENALTY PROCEEDINGS ON ONE LIMB AND FIND THE ASSESSEE GUILTY ON ANOTHER LIMB IS BAD IN LAW. IT WAS HELD THAT THUS ONCE THE PROCEEDINGS ARE INITIATED ON ONE GRO UND, THE PENALTY SHOULD ALSO BE IMPOSED ON THE SAME GROUND. WHERE THE BASIS OF T HE INITIATION OF PENALTY PROCEEDINGS IS NOT IDENTICAL WITH THE GROUND ON WHI CH THE PENALTY WAS IMPOSED, THE IMPOSITION OF PENALTY IS NOT VALID. 2.2.2. THE ABOVE DECISION WAS FOLLOWED IN THE CASE OF SUVAPRASANNA BHATTACHARYA VS. ACIT ITA NO. 1303/KOL/2010 DATED 06.10.2015 (DPB 1-20). 2.2.3. FURTHER IN THE CASE OF NEW SORATHIA ENGINEERING CO. VS. CIT (2006) 282 ITR 0642 (GUJ) , IT WAS HELD THAT IN THE ABSENCE OF ANY SPECIFIC FINDING IN THE PENA LTY ORDER OR THE ORDER OF THE CIT(A) AS TO WHETHER THERE WAS CONCEALMENT OF INCOM E OF FURNISHING OF INACCURATE PARTICULARS BY THE ASSESSEE, IMPUGNED ORDER OF THE TRIBUNAL UPHOLDING PENALTY U/S 271(1)(C) IS NOT SUSTAINABLE. 2.2.4.COVERED ISSUE: THIS ASPECT OF THE MATTER IS NOW DIRECTLY COVERED BY THE SHRI PRAKASH JOY VS. ACIT ITA NO. 585/JP/2013 VIDE ORDER DATED 24.02.2016 (DPB 21-41) IN PR. 7.6 THEREOF, WHEREIN THE EARLIER TWO DECISIONS I.E. MANJUNATHA (SUPRA) AND SUVAPRASANNA BHATTACHARYA (SUPRA) HAVE BEEN FOLLOWED. ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 15 ALSO KINDLY REFER RADHA MOHAN MAHESHWARI VS. DCIT IN ITA NO. 773/JP/13 VIDE ORDER DATED 18.03.2016 FOR AY 2005-06, PRASHANT THOLIA VS. ITO IN ITA NO. 391/JP/2015 DATED 13.06.2016 (DPB 42-46) AND ABHIMANYU SINGH VS. ITO IN ITA NO. 187/JP/2013 DATED 21.06.2016 (DPB 47-60) WHICH HAVE TAKEN A SIMILAR VIEW. 2.2.5.ALSO KINDLY REFER PARINEE DEVELOPERS PVT LTD. VS. ACIT (2015) 174 TT J 0137 (MUM), SATYANANDA ACHARIYA BISWAS VS. DCIT (2015) 4 5 CCH 0328 (KOLTRIB), UMA SHANKAR AGARWAL VS. DCIT (2016) 46 CCH 57 (KOLTRIB) , SHRI SAMSON PERINCHERY (ITA NOS. 4625 TO 4630/M/2013), DATED 11.10.2013, M/S. I TTINA PROPERTIES PVT LTD (ITA NO.36/BANG/2014), DATED 21.11.2014 (BANG), DHARINI DEVELOPERS (ITA NO.1848 TO 1851/M/2012), DATED 7.1.2015 (MUM). HENCE THE IMPUGNED PENALTY IN ALL THE YEARS DESERVE S TO BE DELETED AT THIS STAGE ITSELF AND HENCE MAY KINDLY BE QUASHED. HOWEVER, IT MAY BE CLARIFIED THAT THE ABOVE CONTENT ION IS IN THE ALTERNATIVE AND BASED ON THE ASSUMPTION THAT THE INITIATION OF PROCEEDINGS BY THE AO U/S 271(1)(C) IS HELD JUSTIFIED. 3. IMPOSITION OF PENALTY U/S 271(1)(C) IS ALSO WITH OUT JURISDICTION: 3.1.1. IT IS SUBMITTED THAT A NEW SEC.271AAA WAS INSERTED SO AS TO PROVIDE THAT IN A CASE WHERE SEARCH HAS BEEN INITIATED U/S 132 ON OR AFTER 01.06.2007 BUT BEFORE 31.07.2012, THE ASSESSEE SHALL BE LIABLE TO PAY BY WAY OF PENALTY @ 10% OF THE UNDISCLOSED INCOME OF THE SPECIFIED PREVIOUS YEAR. HOWEVER, SUCH PROVISION SH ALL NOT APPLY IF CERTAIN CONDITIONS MENTIONED THEREIN ARE FULFILLED. BEFORE REFERRING T O THOSE CONDITIONS IT IS FIRSTLY SUBMITTED THAT THE ADMITTED FACTS OF THE PRESENT CASE ARE THAT A SEARCH WAS CARRIED OUT ON 13.10.2010 WHICH FALL WITHIN THE PRESCRIBED PERIOD OF 01.06.2 007 TO 31.07.2012 AND ACCORDINGLY, PENALTY IF AT ALL WAS TO BE LEVIED, IT WAS ONLY U/S 271AAA WHICH COULD HAVE BEEN INVOKED. THE UNDISCLOSED INCOME AS DEFINED IN EXPL. (A) WAS FOUND REPRESENTED BY CASH AND ADVANCES IN THE SEARCH YEAR (SPECIFIED PRE VIOUS YEAR). EVEN THOUGH WAS SURRENDERED IN OTHER YEARS, THE LAW IS WELL SETTLED THAT THERE IS NO ESTOPPEL AGAINST STATUTE. KINDLY REFER CIT VS. M. PYNGROPE (1993) 200 ITR 106 (GUJ.) APPROVED OF THE RIGHT OF THE ASSESSEE TO PREFER AN APPEAL THOUGH AS SESSMENT WAS MADE ON THE BASIS OF RETURN FILED BY THE ASSESSEE, HOLDING THAT SEC. 246 (1) OF THE ACT IS VERY WIDE. THE HONBLE BOMBAY HIGH COURT IN NIRMALA L. MEHTAS CASE (2004) 269- ITR-1 OBSERVED THERE CANNOT BE ANY ESTOPPELS AGAINST THE STATUTE, ARTICL E 265 OF THE CONSTITUTION OF INDIA IN UNMISTAKABLE TERMS PROVIDES THAT NO TAX SHALL BE LE VIED OR COLLECTED EXCEPT BY AUTHORITY OF LAW. ACQUIESCENCE CANNOT TAKE AWAY FROM A PARTY THE RELIEF THAT HE IS ENTITLED TO WHERE THE TAX IS LEVIED OR COLLECTED WITHOUT AUTHORITY OF LAW. THE SAME HIGH COURT IN CWT VS. APAR LIMITED (2002) 175 CTR 312 MAINTAINED THE RIGHT OF APPEAL WHEN RETURN WAS FIL ED UNDER PROTEST, WITHOUT PREJUDICE TO ITS LEGAL RIGHT S AS ACCORDING TO THE ASSESSEE THE DISPUTED ASSET WAS NOT CHARGEABLE TO TAX. THE HONBLE CALCUTTA HIGH COURT IN MAYANK PODDAR (HUF) VS. WTO (2003) 181 CTR 362 PERMITTED AN APPEAL WHEN THE ASSESSEE HAD INCLUDED CERTAIN ASSET IN HIS RETURN UNDER MISTAKE, ADMISSION OR MISUNDERSTANDING OF THE ASSE SSEE, WOULD NOT JUSTIFY TAXABILITY. THE ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 16 HONBLE JAIPUR BENCH OF ITAT IN KALINDEE RAIL NIRMAN (ENGINEERS) LTD. VS. JCIT (200 2) 28 TAX WORLD 280 ENTERTAINED APPEAL WHEN THE APPLICATION OF NET PRO FIT RATE WAS AGREED SUBJECT TO ALLOWANCE OF INTEREST AND DEPRECIATION A ND THE ASSESSING OFFICER DID NOT HONOUR THE AGREEMENT. 3.1.2. AFTER THE COMING OF SEC. 271AAA APPLICABILITY OF S EC. 271(1)(C) HAS BEEN COMPLETELY RULED OUT BY SEC. 271AAA(3). MOREOVER, T HE PROVISIONS OF SEC. 271AAA STARTS WITH A NON-OBSTANTE CLAUSE AND OVERRIDES ALL OTHER PROVISIONS OF THE INCOME TA X ACT WHICH ESSENTIALLY INCLUDES SEC. 271(1)(C) AND ITS E XPL. 5A AS WELL. 3.1.3. THIS SUBMISSION IS CLEARLY SUPPORTED BY A CBDT CIRCULAR NO.3/2008 DATED 12.03.2008 (PB 65) WHEREIN AFTER DISCUSSING THE PROVISIONS OF SEC.271 AAA AS REGARDS THE APPLICABILITY, THE BOARD HAS OPINED/INSTRUCTED AS UNDER: APPLICABILITY- THIS AMENDMENT WILL TAKE EFFECT FRO M THE 1ST DAY OF JUNE, 2007 AND WILL ACCORDINGLY APPLY IN RELATION TO ASSESSMENT YEAR 20 07-2008 AND SUBSEQUENT YEARS IN CASES WHERE SEARCH UNDER SECTION 132 IS INITIATED O N OR AFTER 1ST JUNE, 2007. NEEDLESS TO SAY THAT THIS CBDT CIRCULAR IS BINDING UPON THE SUBORDINATE AUTHORITIES AND THEREFORE, THE AUTHORITIES BELOW SERIOUSLY ERRED IN COMPLETELY IGNORING THE SAID CIRCULAR. THE LOWER AUTHORITIES IN THEIR RESPECTIVE ORDERS TH ERE IS NO WHISPER AT ALL AS TO WHY THE CBDT CIRCULAR SHOULDNT HAVE BEEN APPLIED. THE LD. CIT(A) HOWEVER, IN PR. 5.2 PG 10 HAS ALSO V ISUALIZED SITUATION WHERE THERE MAY BE A SIMULTANEOUS APPLICATION OF SEC. 271AAA AS ALSO O F SEC. 271(1)(C) EXPL. 5A WHICH INTERPRETATION IS RUNNING COMPLETELY CONTRARY TO TH E SPECIFIC PROVISIONS OF LAW AND AS INSTRUCTED BY THE CBDT AS ABOVE. 3.1.4. COVERED ISSUE: THE FACTS OF THE PRESENT CASE ARE OTHERWISE DIRECT LY COVERED BY A DECISION IN THE CASE OF SHRI ASHWANI KUMAR ARORA VS. ACIT IN ITA NO. 844/DEL/2014 DATED 19.05.2016 (DPB 61-68), WHEREIN THE HONBLE I TAT HAS HELD AS UNDER, WHEN AFORESAID UNDISPUTED FACTS ARE EXAMINED IN TH E LIGHT OF THE AMENDED PROVISIONS CONTAINED UNDER SUB-SECTION (2) AND (3) OF SECTION 271AAA, THE PENALTY IN THIS CASE, IF AT ALL LEVIABLE, IT SHOULD HAVE BE EN LEVIED UNDER SECTION 271AAA (1) AND NOT U/S 271(1)(C) AS HAS CATEGORICALLY BEEN PRO VIDED IN SUB-SECTION (3) OF SECTION 271AAA. INTENTION OF THE LEGISLATIVE IN INC ORPORATING THE PROVISIONS CONTAINED U/S 271AA EFFECTIVE DURING THE PERIOD 1ST JUNE, 2007 TO 1ST JULY, 2012 IS TO PROVIDE GENERAL AMNESTY IN SEARCH AND SEIZURE CA SES, AND THE CASE OF THE ASSESSEE UNDISPUTEDLY FALLS U/S 271AAA AND CANNOT B E DEALT WITH U/S 271(1)(C) BY ANY STRETCH OF IMAGINATION EVEN. SO, WE ARE OF THE CONSIDERED VIEW THAT THE VERY INI TIATION OF THE PENALTY PROCEEDINGS AGAINST THE ASSESSEE U/S 271(1)(C) ARE VITIATED IN VIEW OF THE AMENDED PROVISIONS OF LAW APPLICABLE EFFECTIVE FROM 1.6.200 7 TILL 1.7.2012, AS THE ADDITIONAL INCOME TO THE TUNE OF RS.36,80,520/- WAS DISCLOSED BY THE ASSESSEE ON ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 17 THE BASIS OF SEARCH OPERATION CONDUCTED ON 10.02.20 09. SO, WITHOUT GOING INTO THE MERITS OF THE CASE, WE ARE OF THE CONSIDERED VIEW T HAT INITIATION OF PENALTY PROCEEDINGS AS WELL AS PENALTY ORDERS AND IMPUGNED ORDER PASSED BY THE LD. CIT (A) ARE NOT SUSTAINABLE IN THE EYES OF LAW. HENCE, PRESENT APPEAL IS ALLOWED AND PENALTY IMPOSED IN THIS CASE TO THE TUNE OF RS.12,2 4,600/- IS HEREBY DELETED. THE FOLLOWING SIMILARITIES CAN BE FOUND IN THE FACTS OF THE CITED CASE AND IN THE FACTS OF OUR CASE, LISTED BELOW: 1. IN BOTH THE CASES, SEARCH WAS CONDUCTED AFTER 01 .06.2007 BUT BEFORE 01.07.2012. 2. IN BOTH THE CASES, THE ASSESSEE MADE SURRENDER B Y WAY OF STATEMENT RECORDED U/S 132(4). 3. IN BOTH THE CASES, ADDITIONAL INCOME WERE DECLAR ED IN RESPONSE TO NOTICE ISSUED U/S 153A AFTER SEARCH. 4. ALL THE ESSENTIAL CONDITIONS AS PROVIDED U/S 271 AAA(2) WERE COMPLIED WITH. 5. IN OUR CASE, SEARCH WAS CONDUCTED ON DATED 13.10 .2010 AND A PENALTY FOR ALL THE YEARS WERE IMPOSED U/S 271(1)(C). IN THE CITED CASE , SEARCH WAS CONDUCTED DATED 10.02.2009 AND PENALTY WAS IMPOSED FOR AY 2008-09 U /S 271(1)(C). THUS, IN BOTH THE CASES PENALTY WERE IMPOSED IN THE YEARS OTHER THAN THE YEAR OF SEARCH. 6. IN BOTH THE CASES, AO INITIATED AND IMPOSED THE PENALTY U/S 271(1)(C) BUT IGNORED THE NEW PROVISIONS OF SECTION 271AAA. THUS, THE FACTS AND CIRCUMSTANCES BEING QUITE IDENT ICAL, THE DECISION OF HONBLE ITAT BENCH, DELHI DESERVES TO BE APPLIED ON THE FACTS OF PRESENT CASE AS WELL. SINCE IN OUR CASE ALSO, THE AO HAS INITIATED PENALT Y ONLY U/S 271(1)(C) IN ALL THE YEARS AND HAS NOT IMPOSED THE PENALTY U/S 271AAA , THE IMPUGNED PENALTIES WERE COMPLETELY WITHOUT JURISDICTION AS HELD BY THE ITAT BENCH, DELHI. ACCORDINGLY, IMP UGNED PENALTIES IN ALL THE YEARS KINDLY BE QUASHED. 3.2. EVEN THE ISSUE IN HAND CANNOT BE RESTORED TO THE F ILE OF THE AO IN AS MUCH AS IT IS NOT A CASE OF IRREGULARITY BUT AN ILLEGALITY WHICH CANN OT BE CURED GIVEN NOW. BY INVOKING THE PROVISIONS OF SEC. 271(1)(C) EXPL. 5A, THE AO HAS C OMMITTED AN COMPLETE ILLEGALITY AND HIS ACTION IS NULLITY IN THE EYES OF LAW WHICH IS VOID-AB-INITIO BEING WITHOUT JURISDICTION AND CANNOT BE CURED NOW BY GIVING HIM A SECOND CHAN CE. THERE IS YET ANOTHER REASON FOR CONTENDING SO BECAUSE ALLOWING THE ASSESSEE AO AN O PPORTUNITY WILL BE RENDERING THE LIMITATION PROVISIONS A NUGATORY. MOREOVER, IT IS T HE SATISFACTION OF THE AO (OR AT THE BEST OF THE CIT(A), IN THE FIRST APPEAL) WHO HAS TO SATI SFIED ITSELF AS TO WHICH PARTICULAR DEFAULT IN RESPECT TO WHICH PARTICULAR PROVISIONS OF LAW, H AS BEEN COMMITTED BY THE ASSESSEE, CALLING FOR PENALTY. THERE BEING NO SATISFACTION DI RECTLY OR INDIRECTLY DISCERNABLE OTHERWISE WITH REGARD TO THE DEFAULT, IF ANY MENTIO NED IN SEC. 271AAA, THE AO CANNOT BE GIVEN A SECOND CHANCE AND HENCE MATTER CANNOT BE SE T-ASIDE TO THE AO. ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 18 4. IMMUNITY U/S 271AAA(2) AVAILABLE: ALTERNATIVELY, IF IT IS HELD THAT THE PRESENT MAT TER ATTRACTED THE PROVISIONS OF SEC. 271AAA, THE ASSESS EE SHALL BE ENTITLED TO IMMUNITY GRANTED U/S 271AAA(2) FOR THE SIMPLE REASON THAT AL L THE CONDITIONS LAID THERE UNDER STOOD FULFILLED. THE FULFILMENT OF FOLLOWING CONDIT IONS IS ESSENTIAL: 1) 'THE ASSESSEE IN THE COURSE OF SEARCH, IN A STAT EMENT U/SEC. 132(4) ADMITS THE UNDISCLOSED INCOME AND SPECIFIES THE MANNER IN WHICH SUCH INCOME HAS BEEN DERIVED; 2) SUBSTANTIATES THE MANNER IN WHICH THE UNDISCLOSE D INCOME HAS BEEN DERIVED; AND 3) PAYS THE TAX TOGETHER WITH INTEREST, IF ANY, IN RESPECT OF THE UNDISCLOSED INCOME. IN THIS CASE THE ASSESSEE DESERVES THIS IMMUNITY IN AS MUCH AS THE ASSESSEE HAS FULFILLED ALL THE ABOVE CONDITIONS AND THERE IS ABSOLUTELY NO DISPUTE ON THIS LEGAL AND FACTUAL STATE OF AFFAIR. THE ASSESSEE DULY MADE A SURRENDERED IN THE STATEM ENT RECORDED U/S 132 (4) ON DATED 13.10.2010 WHEN SEARCH TOOK PLACE IN R EPLY TO Q.NO.15 (PB 51). THE ASSESSEE HAS ALSO PAID THE ENTIRE TAX TOGETHER WITH INTEREST DUE THEREON. THE ASSESSEE ALSO SUBSTANTIATED THE MANNER OF EARNING THE UNDISCLOSED INCOME BEING THE INCOME FROM THE REAL ESTATE BUSINESS. EVEN OTHERWISE NO SPECIFIC QU ESTION WAS RAISED, ASKING THE ASSESSEE TO SUBSTANTIATE THE MANNER IN WHICH THE UNDISCLOSED INCOME WAS DERIVED AND THEREFORE, EVEN ASSUMING IF THIS CONDITION IS NOT FULFILLED, T HE ASSESSEE CANNOT BE DENIED THE BENEFIT OF THE IMMUNITY SO GRANTED, AS WAS HELD IN THE CONT EXT OF SEC. 271(1)(C) EXPL. 5 IN SOME CASES. 5. SUPPORTING CASE LAWS: ACIT VS. SHRITHIK ROLLING PVT. LTD. (2015) 44 CCH 0223 (PANAJI TRIB) (DPB 69-73) 11. ADDITIONAL SUBMISSION: THIS IS IN CONTINUATION AND IN ADDITION OF OUR EAR LIER WRITTEN SUBMISSION FILLED ON DATED 26.04.2016, IT IS FURTHER SUBMITTED THAT THE IMPUGN ED PENALTY IMPOSED IN THE PRESENT CASE, IN THE FACTS AND CIRCUMSTANCES OF THE CASE, IS COMPLETELY WITHOUT JURISDICTION. (FOR THE SAKE OF CONVENIENCE PR. NUMBER ARE MENTION ED CONSECUTIVE TO THE EARLIER W/S) 6.1 ALSO KINDLY REFER CIT V/S SHRI SAMSON PERINCHERY IN ITA NO. 1154, 953, 1097, 1226/2014 ON DATED 05.01.2017 (DPB 10-21). 6.2 RECENTLY IN THE CASE OF CIT & ANR. V/S. M/S SSAS EMERALD MEADOWS IN CC NO. 11485/2016ON DATED 05.08.2016 (DPB-II 18) , IT WAS HELD THAT '3. THE TRIBUNAL HAS ALLOWED THE APPEAL FILED BY TH E ASSESSEE HOLDING THE NOTICE ISSUED BY THE ASSESSING OFFICER UNDER SECTION 274 R EAD WITH SECTION 271(1)(C) OF THE INCOME TAX ACT, 1961 (FOR SHORT THE ACT) TO B E BAD IN LAW AS IT DID NOT ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 19 SPECIFY WHICH LIMB OF SECTION 271(1)(C) OF THE ACT , THE PENALTY PROCEEDINGS HAD BEEN INITIATED I.E., WHETHER FOR CONCEALMENT OF PAR TICULARS OF INCOME OR FURNISHING OF INACCURATE PARTICULARS OF INCOME. THE TRIBUNAL, WHILE ALLOWING THE APPEAL OF THE ASSESSEE, HAS RELIED ON THE DECISION OF THE DIV ISION BENCH OF THIS COURT RENDERED IN THE CASE OF CIT V/S MANJUNATHA COTTON A ND GINNING FACTORY (2013) 359 ITR 565.' IT IS SUBMITTED THAT IN THE ABOVE DECISIONS THE ONLY STRESS WAS UPON THE SCN WHEREIN ONLY, THE OCCASION ARISE FOR THE FIRST TIME FOR THE ASSESSEE TO REPLY TOWARDS THE SHOW CAUSE AS TO WHY PENALTY BE NOT IMPOSED W.R.T ONE OR W.R.T BOTH THE OFFENCES. BUT BY NOT BECOMING SPECIFIC IN INVITING A REPLY FROM THE ASSE SSEE, IT IS A GROSS VIOLATION OF THE PRINCIPLES OF NATURAL JUSTICE AND THEREFORE THE HON BLE COURTS HAVE TREATED SUCH A NOTICE TO BE VAGUE AND NULLITY AND CONSEQUENTLY THE IMPUGN ED PENALTY BASED THEREON, HAS ALSO BEEN HELD TO BE WITHOUT JURISDICTION. ON THE OTHER HAND HOWEVER, AT THE TIME OF THE COMPL ETION OF THE ASSESSMENT, IT IS ONLY THE INITIATION BY THE AO IN THE ASSESSMENT ORDER, WHEN THE ASSESSEE IS NOT CALLED UPON TO SHOW CAUSE AGAINST THE VERY INITIATION HENCE, WHETH ER THE PENALTY WAS INITIATED ON ONE LIMB OR THE OTHER OR BOTH THE LIMBS, IS IRRELEVANT. OTHERWISE ALSO, NO APPEAL LAY AGAINST THE VERY INITIATION. THEREFORE, THE LAW WHICH IS NOW WELL SETTLED, IS ON LY AND ONLY W.R.T THE VAGUENESS IN THE SCN AND THERE IS NO REFERENCE AT ALL TO THE FINDING S RECORDED OR THE INITIATION OF THE PENALTY PROCEEDING IN THE ASSESSMENT ORDER. THEREFO RE, TO REFER THE INITIATION IN THE ASSESSMENT ORDER BY THE AUTHORITIES TO JUSTIFY THE IMPOSITION OF PENALTY IS COMPLETE MISREADING AND MISINTERPRETATION OF LAW OF THE LAND . 6.3.1 THE HONBLE RAJ. HC IN THE CASE OF SHEVETA CONSTRUCTION CO. PVT. LTD. V/S ITOIN DBITA NO. 534/2008 VIDE THEIR ORDER DATED 06.12.2016 (DPB-II), IT WAS HELD THAT: TAKING INTO CONSIDERATION THE DECISION OF THE ANDH RA PRADESH HIGH COURT WHICH VIRTUALLY CONSIDERED THE SUBSEQUENT LAW AND THE LAW WHICH WAS PREVAILING ON THE DATE THE DECISION WAS RENDERED ON 27.08.2012. IN VI EW OF THE OBSERVATIONS MADE IN THE SAID JUDGMENT, WE ARE OF THE OPINION THAT TH E CONTENTION RAISED BY THE APPELLANT IS REQUIRED TO BE ACCEPTED AND IN THE FIN DING OF ASSESSING OFFICER IN THE ASSESSMENT ORDER IT IS HELD THAT THE AO, HAS TO GIV E A NOTICE AS TO WHETHER HE PROPOSES TO LEVY PENALTY FOR CONCEALMENT OF INCOME OR FURNISHING INACCURATE PARTICULARS. HE CANNOT HAVE BOTH THE CONDITIONS AND IF IT IS SO HE HAS TO SAY SO IN THE NOTICE AND RECORD A FINDING IN THE PENALTY ORDE R. 6.3.2 IN THE ABOVE CASE IT WAS CONCLUDED THAT IF IN THE ASSESSMENT ORDER, THE AO HAS INITIATED PROCEEDINGS FOR BOTH THE OFFENSES, HE HAS TO SAY SO IN THE NOTICE AS TO WHETHER HE PROPOSES TO LEVY PENALTY FOR CONCEALMENT OF INCOME OR FURNISHING INACCURATE PARTICULARS, OTHERWISE HE CANNOT HAVE BOTH THE CONDITIONS. ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 20 WHEREAS JUST CONTRARY THERETO, IN THE FACTS OF PRESENT CASE THE AO THOUGH INITIATED PROCEEDINGS IN THE ASSESSMENT ORDERS W.R.T. BOTH TH E OFFENSES BY USING THE CONJUNCTION AND I.E. FOR A.Y.2009-10 & 10-11 HOWEVER, IN THE OTHER TWO YEARS I.E. 2007-08 & 08- 09, HE DID NOT MAKE CLEAR WHICH OF THE TWO HE CHOSE TO ASK THE ASSESSEE. BUT IN ALL THE FOUR SCN'S HE DID NOT STRUCK OFF WHICH OFFENSE HE W ANTED THE ASSESSEE TO REPLY. FURTHER IN THE ALL THE IMPUGNED PENALTY ORDERS ALSO THE AO HAS USED THE WORD OR AND AGAIN IT IS NOT CLEAR THAT FOR WHICH PARTICULAR OFFENSE THE PEN ALTY WAS IMPOSED. THUS, ON THESE FACTS ALSO, THE IMPUGNED PENALTY WAS ILLEGAL AND UNJUSTIF IED IN VIEW OF THE ABOVE DECISION OF THE HONBLE HIGH COURT WHICH DIRECTLY APPLIES ON THE PR ESENT CASE, HENCE DESERVES TO BE QUASHED. 7. RECENTLY THIS HONBLE BENCH IN M/S GOPI BAI FOUNDATION V/S ACIT 57 TAXWORLD 0001 (JP) (DPB) HELD THAT: SECTION 271(1)(C) PENALTY FOR CONCEALMENT OF INC OME OR FURNISHING INACCURATE PARTICULARS OF INCOME - SECTION 274 SEEKING TO IM POSE PENALTY U/S 271 (1)(C) CONTENTS OF THE NOTICE REQUIREMENTS OF. ASSESSEE IS A TRUST AND RUNNING A SCHOOL INCOME O F ASSESSEE IS EXEMPT U/S 10(23C)(IIIAD) SEARCH WAS CONDUCTED IN THE GROUP CASE OF ASSESSEE NOTICE ISSUED U/S 153C RETURNED FILE IN RESPONSE THERETO ASSESSME NT COMPLETED U/S 153A ON THE RETURNED LOSS ASSESSMENT SUBSEQUENTLY REOPENED U/ S 148 SOLELY ON THE BASIS OF STATEMENTS OF A THIRD PARTY STATEMENTS WERE NEVER CONFRONTED TO ASSESSEE AND NO OPPORTUNITY OF CROSS-EXAMINATION PROVIDED TO ASSESS EE IN SPITE OF SPECIFIC REQUESTS BEING MADE BY ASSESSEE REASSESSMENT WAS COMPLETED WHERE IN, ADDITION ON ACCOUNT OF BOGUS PURCHASE WAS MADE ADDITION NOT CHALLENGED BY ASS ESSEE IN ORDER TO BUY PEACE OF MIND AND TO AVOID PROTRACTED LITIGATION AO INITIATED P ENALTY PROCEEDINGS U/S 271(1)(C) VIDE THE ASSESSMENT ORDER ITSELF AT THE END OF THE ASSESSMENT ORDER, LD. AO MENTIONE D PENALTY PROCEEDINGS U/S 271(1)(C) ARE BEING INITIA TED SEPARATELY FOR CONCEALMENT OF INCOME AND FURNISHING INACCURATE PARTICULARS OF IN COME SUBSEQUENTLY PENALTY NOTICE U/S 274 WAS ISSUED, WHICH WAS MERELY A PERFO RMA PRINTED FORM ANNEXED WITH THE ASSESSMENT ORDER, WHEREIN AO HAD TICKED ON 271(1)( C) CONCEALED PARTICULARS OF YOURS INCOME OR FURNISHED INACCURATE PARTICULARS OF INCOM E PENALTY PROCEEDINGS INITIATED WITHOUT SPECIFYING THE LIMB OF REASONS IN THE PENAL TY NOTICE TO IMPOSE PENALTY PENALTY WAS INITIATED WHETHER FOR CONCEALMENT OF INCOME OR FOR FURNISHING INACCURATE PARTICULARS OF INCOME WHETHER NOTICE INVALID? HEL D: YES WHETHER THE DEFECT IN NOTICE IS CURABLE U/S 292B? H ELD: NO- NOTICE HAS BEEN ISSUED IN SUBSTANTIVE DISREGARD OF LAW AND PRINCIPLES OF NATU RAL JUSTICE. WHETHER THE SUBSEQUENT PENALTY ORDER BASED ON THE I NVALID NOTICE IS LIABLE TO BE QUASHED? HELD: YES AND HAS TAKEN THE SAME VIEW FOLLOWING THE DECISION IN THE CASE OF MANJUNATHA (SUPRA). THERE APART THE DECISION IN THE CASE OF SHANKAR LAL KHANDELWAL V/S DCIT ITA NO. ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 21 878/JP/2013ORDER DATED 11.03.2016 HAS ALSO BEEN FOLLOWED. THE FACTS IN THE INSTANT C ASE ARE ALSO THE SAME AND HENCE THE RATIOS OF THE ABOVE REFERRED DECISIONS ARE FULLY APPLICABLE. 8. IN THE CASE OF DCIT V/S M/S BJD PRODUCTS IN ITA NO. 493/LKW/2010 IN PR. 8.14, AFTER FOLLOWING THE DECISION IN THE CASE OF MANU EN GINEERING, THE HONBLE ITAT HELD THAT 8.14 IN THE INSTANT CASE, THE ACTION OF THE AS SESSING OFFICER CANNOT BE HELD JUSTIFIABLE AND TENABLE BECAUSE THERE CANNOT B E TWO OFFENCES I.E. TO SAY, THAT THE ASSESSEE HAS CONCEALED PARTICULARS OF HIS INCOM E AND/OR HAS FURNISHED INACCURATE PARTICULARS OF SUCH INCOME 9. VERY RECENT DECISIONS ON PENALTY NOT VALID BASED ON DEFICIENT SCN: 9.1 CHANDMAL KUMAWAT VS. ITO IN ITA NO. 760/JP/2016 VIDE ORDER DATED 29.12.2016 (DPB-II 5-17)PR. 15-19 9.2 NARAYANA HEIGHTS & TOWERS VS. ITO, WARD 2-4, JAIPUR (2017-LL-0220-58 IN FAVOUR OF: ASSESSEE DATE: 20/02/2017 9.3 M/S GOPI BAI FOUNDATION V/S ACIT (2017) 57 TW 0001 (JAIP. TRIB.) 9.4 JAI AMBEY ASSOCIATES V/S ITO IN ITA NO. 801/JP/ 2016 DATED 25.01.2015 (DPB-II 28-42) 9.5. LAXMI RAM RAO VS. INCOME TAX OFFICER, WARD 3,(3) B ANGLORE (2016-LL-0729-13 IN FAVOUR OF: PARTLY IN FAVOUR OF ASSESSEE/PARTLY I N FAVOUR OF REVENUE DATE: 29/07/2016) 9.6 SHRI G.S SUHAS VS. INCOME TAX OFFICER, WARD 1(2), BANGLORE (2016-LL-0205-225 IN FAVOUR OF: ASSESSEE DATE: 05/02/2016) 9.7 JAGANNATH S SHETTY VS. INCOME TAX OFFICE, WARD 1, MANDAY (2016-LL-0630-173 IN FAVOUR OF: ASSESSEE DATE: 30/06/2016) 9.8 MAHAVEER SARASWATI VS. INCOME TAX OFFICE, WARD 2, HASSAN (2016-LL-0729-8 IN FAVOUR OF: PARTLY IN FAVOUR OF ASSESSEE/PARTLY IN F AVOUR OF REVENUE DATE: 29/07/2016) 9.9 ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE 12(1) , BANGLORE V. SHRI SURESH JAIN (ITAT-BANGALORE CITATION: 2015-LL-1009-78 IN FA VOUR OF: ASSESSEE DATE: 09/10/2015) 9.10 S CHANDRASHEKHAR VS. ACIT (2017) 88 TAXMANN 459 (K AR HC) 9.11 MUNINAGA REDDY VS. ACIT (2017) 88 TAXMANN 545 (KAR HC) 9.12 JEETMAL CHORARIA VS. ACIT (2018) 91 TAXMANN 311 (K OLKATA TRIB.) 9.13 CIT VS. MWP LTD. (2014) 41 TAXMANN 496 (KAR HC) ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 22 10. THE CRUX OF THE DECISION IN MANJUNATHA (SUPRA) WHEREAS IS THAT IF THE SCN IS VAGUE, ON THE BASIS OF SUCH PROCEEDINGS, NO PENALTY CAN BE IMPOSED. THE AO MUST REACH TO A CONCLUSION WHETHER THE PENALTY IS INITIATED FOR BOT H OR FOR ONE OF THE OFFENSES WHICH MUST BE SPECIFICALLY STATED IN THE SCN AND LASTLY EVEN T HE LEVY OF PENALTY HAS TO BE CLEAR AS TO WHICH PARTICULAR LIMB OF THE OFFENSE IT IS BEEN LEV IED. THE POSITION BEEN UNCLEAR, PENALTY WAS NOT SUSTAINABLE AS WAS HELD IN VIRGO MARKETING (2008)171 TAXMANN 156 (DEL HC). 11.1 FROM THE ENTIRE READING OF THE SUBJECTED ASSESSMEN T ORDER, THERE APPEARS NO SATISFACTION AT ALL DISCERNABLE EVEN PRIMA FACIE AN D THE AO APPEARS TO HAVE SIMPLY ACCEPTED THE OFFER OF THE INCOME. IN THE CASE OF SUVAPRASANNA BHATTACHARYA (SUPRA) , THE HONBLE ITAT FOLLOWING THE DECISION IN CASE OF MADHUSHREE GUPTA HAS IN PR. 6 & 7 HAS HELD SO 6.------------- IN THE ORDER OF ASSESSMENT, WHICH WE HAVE EXTRACTED IN THE EARLIER PART OF THIS ORDER, NOWHERE SPELLS OUT OR INDICATES THAT THE AO WAS OF THE VIEW THAT THE ASSESSEE WAS GUILTY OF EITHER CONCEALING PARTIC ULARS OF INCOME OR FURNISHING INACCURATE PARTICULARS OF INCOME. THE OFFER TO TAX OF INCOME BY THE ASSESSEE HAS JUST BEEN ACCEPTED.------------ 7. ------------- THEREFORE EVEN THE HONBLE SUPREME COURTS DECISION [MAK DATA 358 ITR 593] SUGGESTS THAT THE SATISFACTION NEED NO T BE RECORDED IN A PARTICULAR MANNER BUT FROM A READING OF THE ASSESSMENT ORDER A S A WHOLE SUCH SATISFACTION SHOULD BE CLEARLY DISCERNIBLE. --------------WE HAV E READ THE ORDER OF ASSESSMENT AS A WHOLE AND ARE SATISFIED THAT SATISFACTION FOR INI TIATION OF PENALTY PROCEEDINGS IS NOT DISCERNIBLE FROM THE ORDER OF ASSESSMENT. WE TH EREFORE CONCUR WITH THE ARGUMENT OF THE LEARNED COUNSEL FOR THE ASSESSEE TH AT INITIATION OF PENALTY PROCEEDINGS WAS NOT PROPER IN THE PRESENT CASE AND ON THAT GROUND THE IMPOSITION OF PENALTY U/S.271(1)( C) OF THE ACT IS UNSUSTAINAB LE. 11.2 ALSO REFER MS. SANDHYA GADKARI SHARMA VS. DCIT (2017) 82 TAXMA NN 73 (MUM. TRIB) WHEREIN IT WAS HELD THAT: SECTION 271(1)(C) LAYS DOWN THAT THE PENALTY PROCE EDINGS CAN BE INITIATED ON THE BASIS OF EITHER OF THE TWO CHARGES, I.E., (I) CONCE ALMENT OF PARTICULARS OF INCOME OR (II) FURNISHING OF INACCURATE PARTICULARS OF INCOME . BOTH THE CHARGES ARE ENTIRELY DIFFERENT. IF THE PROCEEDINGS ARE INITIATED ON CHAR GE OF CONCEALMENT, THEN PENALTY CANNOT BE LEVIED ON THE CHARGE OF FURNISHING OF INA CCURATE PARTICULARS OF INCOME AND VICE VERSA. THUS, THERE MUST BE A CLEAR FINDING ABOUT THE CHARGE FOR WHICH PENALTY IS IMPOSED OR INITIATED. IT IS INCUMBENT UP ON THE ASSESSING OFFICER TO STATE WHETHER PENALTY WAS BEING LEVIED FOR CONCEALMENT OF INCOME OR FOR FURNISHING OF INACCURATE PARTICULARS OF INCOME. IN THE ABSENCE OF SUCH FINDINGS, THE ORDER WOULD BE BAD IN LAW. WHERE THE ASSESSING OFFICER WAS SATI SFIED DURING THE COURSE OF ASSESSMENT PROCEEDINGS THAT THE ASSESSEE HAD CONCEA LED INCOME FROM OTHER SOURCES AND FURNISHED INACCURATE PARTICULARS OF THI S INCOME BUT INITIATED THE PROCEEDINGS UNDER SECTION 271(1)(C) WITHOUT MAKING OUT ANY PARTICULAR CHARGE ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 23 BUT FOR BOTH THE CHARGES, PENALTY IMPOSED UNDER SEC TION 271(1)(C) WAS TO BE DELETED. 12. EXPL. 5A TO SECTION 271(1)(C) NOT APPLICABLE: 12.1. AT THE OUTSET, IT IS A TRITE LAW THAT A PANEL PROV ISION HAS TO BE CONSTRUED STRICTLY. THEREFORE, THE PROVISIONS OF S. 271 (1)(C) HAVE TO BE CONSTRUED STRICTLY, AND THE EXPLANATION 5A WHICH CREATES A DEEMING FICTION, HAS TO BE CONSTRUED ALL THE MORE STRICTLY. IT IS SUBMITTED THAT EXPL. 5A CANNOT BE INVOKED UNL ESS THE DUE DATE OF FILING ROI (139(4)), HAS NOT EXPIRED AS ON THE DATE OF THE SEARCH, OR IN OTHER WORDS, THE TIME TO FILE ROI AFTER THE DATE OF THE SEARCH IS STILL AVAILABLE. IN THIS CASE THE DATE OF SEARCH IS 13.10.2010 HOWEVER, W.R.T ASSESSMENT YEAR 2009-10 AND 2010-11 THE DUE DATE OF FILING ROI (139(4)), FALL ON 31.03.2011 OR 31.03.2012 RESPECTIVELY. (KIN DLY REFER THE ENCLOSED CHART). IN THESE FACTS, THE EXPL. 5A CANNOT BE APPLIED AT LEAST IN A .Y 2009-10 AND 2010-11. 12.2 HOWEVER, WHILE UPHOLDING THE ACTION OF THE AO OF I NVOKING SECTION 271(1)(C ) OF THE ACT EXPL. 5A, THE LD. CIT(A) AT PG. 10-11 VIDE PR. 5.4-5.5 HAS CONSIDERED THE MEANING OF THE EXPRESSION 'DUE DATE TO BE THE DUE DATE AS PRE SCRIBED U/S 139(1) OF THE ACT. HOWEVER, A PLAIN READING OF THE SAID EXPL. 5A NOWHE RE SUGGEST SO. IN FACT, IT DOES NOT EVEN REFER TO SECTION 139 ITSELF (WHAT TO TALK OF S . 139(1) OR SECTION 139(4) OF THE ACT. THE EXPL. CLAUSE (A) SIMPLY SPEAKS OF THE DUE DATE. ON THE CONTRARY, S.153A OF THE ACT IS A SEPARATE CO DE IN ITSELF AND STARTS WITH A NON- OBSTANCE CLAUSE. FURTHER S.153A(1) OF THE ACT EXCLU DES THE APPLICABILITY OF SECTION 139 OF THE ACT FROM THE BEGINNING ITSELF. THEREAFTER, CLAU SE (A) PRESCRIBES A TIME LIMIT WHICH, IS LEFT TO THE DISCRETION OF THE AO WITHIN WHICH, THE SEARCHED PERSON IS REQUIRED TO FILE HIS RETURN OF INCOME AND ALL THE PROVISIONS OF THE ACT SO FAR AS MAYBE, SHALL APPLY ACCORDINGLY, AS IF, SUCH RETURN WERE A RETURN REQUI RED TO BE FURNISHED U/S 139 OF ACT. 12.3 ACCORDINGLY, THE DUE DATE EVEN FOR THE PURPOSES OF EXPL. 5A TO SECTION 271(1)(C) SHOULD BE CONSIDERED ONLY THE DUE DATE AS PRESCRIBE D BY THE AO IN THE NOTICE ISSUED U/S 153A OF THE ACT AND NONE ELSE. IN ANY CASE, IT CANN OT BE A DUE DATE AS PRESCRIBED U/S 139(1) OF THE ACT. LOOKING THE ISSUE FROM THIS ANGL E, IT WILL BE FOUND THAT IN THIS CASE, NOTICE/S U/S 153A IN ALL THE FOUR SUBJECTED YEARS W ERE ISSUED PRESCRIBING THE DUE DATE BEING 14.09.2011 WHEREAS, THE ROI PURSUANT TO THE S AID NOTICES U/S 153A STOOD FILED ON 12 OCTOBER 2011 ITSELF. (PB- 68, 71, 74, 77) THUS, THE ROI, AS REQUIRED BY THE AO, WERE FILED WITHIN THE DUE DATE AND THEREFORE CLAUSE (B ) TO EXPL. 5A IS NOT FULFILLED. RESULTANTLY, THE DEEMING FICTION AS CREATED, CANNOT TAKEN HELP BY THE REVENUE. 12.4 SUPPORTING CASE LAWS: 12.4.1 THE ISSUE IS ALSO DIRECTLY COVERED BY THE DECISION CASE OF KSHITI R. MANIAR VS. ACIT IN ITA NO.1020/MUM/2011(DPB) FOR THE A.Y. 2007-08, DATED 28.08.2013 AND THE RELEVANT PART OF THE DECISION IS REPRODUCED AS UNDE R: ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 24 7. IN THE PRESENT CASE, THE SEARCH HAD TAKEN PLACE ON 19TH JUNE 2007.THE DUE DATE FOR FILING OF RETURN OF INCOME FOR THE ASSESSM ENT YEAR 200708, HAD NOT EXPIRED ON THE DATE OF SEARCH AS THE DUE DATE OF FI LING OF RETURN OF INCOME UNDER SECTION 139(1) WAS 31ST JULY 2007 AND DUE DATE UNDE R SECTION 139(4) WAS 31ST MARCH 2008. THUS, IN THE PRESENT CASE, DEEMING PROV ISIONS OF EXPLANATION 5A CANNOT BE APPLIED HERE BECAUSE AT THE TIME OF SEARC H, THE RELEVANT PREVIOUS YEAR FOR THE ASSESSMENT YEAR 200708, THE DUE DATE OF FI LING OF RETURN OF INCOME HAD NOT EXPIRED. WHETHER THE ASSESSEE HAD FILED THE RET URN OF INCOME UNDER SECTION 139(1) OR 139(4) AFTER THE DATE OF SEARCH, WILL NOT BE OF MUCH CONSEQUENCE BECAUSE THE INCOME IN QUESTION PERTAINS TO ASSESSME NT YEAR 200708 FOR WHICH THE DUE DATE HAD NOT EXPIRED AT THE TIME OF SEARCH. THE DEEMING PROVISIONS AS GIVEN ANY EXPLANATION 5A HAS TO BE STRICTLY CONSTRU ED BECAUSE ONE HAS TO SEE WHAT IS THE STATUS OF INCOME ON THE DATE OF SEARCH AND N OT AFTERWARDS. THE PENALTY IN THIS CASE, CANNOT BE LEVIED UNDER THE MAIN PROVISIO N AS THE ASSESSEE HAS INCLUDED THIS INCOME IN THE RETURN OF INCOME IN RESPONSE TO NOTICE UNDER SECTION 153A AND WHICH HAS BEEN ASSESSED ALSO. THERE IS NO VARIATION BETWEEN THE RETURN OF INCOME AND THE ASSESSED INCOME, QUA THIS ADDITION. FOR LEV YING THE PENALTY IN CASES OF SEARCH AFTER 1ST JUNE 2007, THE DEEMING PROVISIONS OF EXPLANATION 5A CAN ONLY BE INVOKED, WHICH CLEARLY CARVES OUT THE EXCEPTION IN THE CASES WHERE DUE DATE OF FILING OF THE RETURN OF INCOME HAD NOT EXPIRED AT T HE TIME OF SEARCH. THUS, FOR LEVY OF PENALTY UNDER EXPLANATION 5A, IT HAS TO BE SEEN WHETHER ANY ASSETS OR INCOME FOUND ON THE DATE OF SEARCH HAS BEEN ACQUIRED OUT O F THE PREVIOUS YEAR AND NOT AFTERWARDS FOR WHICH PENALTY CAN BE LEVIED OR INITI ATED UNDER OTHER PROVISIONS OF SECTION 271(1)(C). THUS, IN OUR OPINION, ONCE THE D UE DATE HAD NOT EXPIRED FOR FILING THE RETURN OF INCOME FOR THE ASSESSMENT YEAR 200708, AT THE TIME OF SEARCH, PENALTY CANNOT BE LEVIED UNDER THE DEEMING PROVISIO NS OF EXPLANATION 5A. CONSEQUENTLY, WE SET ASIDE THE IMPUGNED ORDER PASSE D BY THE LEARNED COMMISSIONER (APPEALS) AND HOLD THAT ON THIS PRELIM INARY GROUND, PENALTY LEVIED BY THE ASSESSING OFFICER AND AS CONFIRMED BY THE CO MMISSIONER (APPEALS) CANNOT BE SUSTAINED AND SAME IS DELETED. 8. IN THE FACTS AND CIRCUMSTANCES OF THE CASE, THE LD. CIT(A) IS NOT JUSTIFIED IN CONFIRMING THE PENALTY LEVIED BY THE ASSESSING OFFI CER. ACCORDINGLY, THE ORDER OF THE LD. CIT(A) AND THAT OF THE A.O. IS REVERSED AND THE A.O. IS DIRECTED TO CANCEL THE PENALTY SO LEVIED. THUS, ALL THE GROUNDS OF THE ASSESSEES APPEAL ARE ALLOWED. 9. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IN ITA NO. 682(ASR)/2013 IS ALLOWED. 12.4.2. DAVINDER SAPRA PROP. VS. ACIT (2014) 40 CCH 0287 (ASR TRIB) (DPB) 12.4.3 ITO VS MR. GOPE M. ROCHLANI [2014] 158 TTJ 120 (MUM. TRIB) (DPB). ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 25 13. NO DIFFERENCE BETWEEN THE RETURN AND ASSESSED I NCOME HENCE NO PENALTY LEVIED IMPOSABLE: 13.1 THERE IS NO DISPUTE ON THE FACT BETWEEN THE PARTIE S THAT THE LD. ASSESSING OFFICER ASSESSED THE SAME VERY INCOME WHICH WAS OFFERED BY THE APPELLANT AS ADDITIONAL INCOME SURRENDERED DURING THE COURSE OF SURVEY BUT NOT ONL Y THAT HE RATHER RETURNED SUBSTANTIALLY MORE INCOME THEN WHAT WAS SURRENDERED. DURING THE C OURSE OF SEARCH, THE APPELLANT SURRENDERED RS. 25 LAKH FOR ALL THE SUBJECTED YEARS HOWEVER, WHILE FILING THE RETURN OF INCOME, THE APPELLANT OFFERED TOTAL RS.32,66,194/. THE SAME WAS ASSESSED BY THE ASSESSING OFFICER AS IT IS WITHOUT ANY VARIATION. IT IS SUBMITTED THAT IN THE CASES OF PENALTY OF CON CEALMENT/FURNISHING INACCURATE PARTICULAR, THE VERY STARTING POINT IS THE LAST RET URN OF INCOME FILED BY THE ASSESSEE WHICH HAS BEEN ACTED UPON BY THE ASSESSING OFFICER AND IT IS ONLY THE DIFFERENCE BETWEEN THE INCOME SO RETURNED AND THE INCOME FINALLY ASSESSED BY THE AO, WHICH INVITES IMPOSITION OF PENALTY. IN A CASE WHERE HOWEVER, THERE IS NO SU CH DIFFERENCE, THERE CANNOT BE ANY QUESTION OF IMPOSITION OF PENALTY. 13.2 SUPPORTING CASE LAWS: 13.2.1 A USEFUL REFERENCE ON THIS ASPECT CAN BE MADE TO TH E DECISION IN THE CASE OF RELIANCE PETROPRODUCTS (P) LTD. (2010) 322 ITR 158 (SC) (DPB) WHEREIN, THE SUPREME COURT'S HELD AS UNDER: EVERYTHING WOULD DEPEND UPON THE IT RETURN FILED BY THE ASSESSEE. 13.2.2 A USEFUL REFERENCE ON THIS ASPECT CAN BE MADE TO THE DECISION IN THE CASE OF THE CASE OF ACIT VS. SHRI A.N. ANNAMALAISAMY, 87 DTR 202 (CHNN. TRIB) (DPB) ALSO SUPPORT THE CONTENTION. THE RELEVANT PART IN PARA 7 IS REPRODUCED AS UNDER: 7. WE FIND THAT THE ASSESSING OFFICER WAS CARRIED AWAY BY THE ORIGINAL RETURN FILED BY THE ASSESSEE, WHEREIN ORIGINALLY THE INCOM E ADMITTED IN THE COURSE OF SEARCH WAS NOT RETURNED BY IT. BUT THE FACT IS THAT THE ASSESSEE HAD FILED A REVISED RETURN BEFORE COMPLETING THE ASSESSMENT. WHEN THAT IS THE CASE, THE FIRST RETURN FILED BY THE ASSESSEE IS A NON EST. THE ONLY VALID RETURN IS THE REVISED RETURN FILED BY THE ASSESSEE. IN THAT RETURN, THE AMOUNT ADMITTE D BY THE ASSESSEE AT THE TIME OF SEARCH WAS OFFERED FOR TAXATION. THE ASSESSEE HAS P AID THE TAX; HE HAS PAID THE INTEREST. HE HAS NOT PREFERRED ANY QUANTUM APPEAL. HE HAS ALSO EXPLAINED ABOUT THE BUSINESS AND STATED THAT THE JEWELLERY WAS ACQU IRED OVER A PERIOD OF TIME. WHEN ALL THE PIECES ARE PUT TOGETHER, WE FIND THAT THE COMMISSIONER OF INCOME- TAX(APPEALS) IS JUSTIFIED IN HOLDING THAT THERE IS NO GROUND TO LEVY PENALTY IN THE PRESENT CASE UNDER SEC.271AAA. ACCORDINGLY, THE ORD ER PASSED BY THE COMMISSIONER OF INCOME-TAX (APPEALS) IS UPHELD. 13.2.3 IN PR. CIT VS. NEERAJ JINDAL 2017) 393 ITR 0001 (DELHI ) , IT WAS HELD THAT: THUS, IT IS CLEAR THAT WHEN THE A.O. HAS ACCEPTED THE REVISED RETURN FILED BY THE ASSESSEE UNDER SECTION 153A, NO OCCASION ARISES TO REFER TO THE PREVIOUS RETURN ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 26 FILED UNDER SECTION 139 OF THE ACT. FOR ALL PURPOSE S, INCLUDING FOR THE PURPOSE OF LEVYING PENALTY UNDER SECTION 271(1)(C) OF THE ACT, THE RETURN THAT HAS TO BE LOOKED AT IS THE ONE FILED UNDER SECTION 153A. IN F ACT, THE SECOND PROVISO TO SECTION 153A(1) PROVIDES THAT ASSESSMENT OR REASSE SSMENT, IF ANY, RELATING TO ANY ASSESSMENT YEAR FALLING WITHIN THE PERIOD OF SI X ASSESSMENT YEARS REFERRED TO IN THIS SUB-SECTION PENDING ON THE DATE OF INITIATI ON OF THE SEARCH UNDER SECTION 132 OR MAKING OF REQUISITION UNDER SECTION 132A, AS THE CASE MAY BE, SHALL ABATE. WHAT IS CLEAR FROM THIS IS THAT SECTION 153 A IS IN THE NATURE OF A SECOND CHANCE GIVEN TO THE ASSESSEE, WHICH INCIDENTALLY GI VES HIM AN OPPORTUNITY TO MAKE GOOD OMISSION, IF ANY, IN THE ORIGINAL RETURN. ONCE THE A.O. ACCEPTS THE REVISED RETURN FILED UNDER SECTION 153A, THE ORIGINAL RETUR N UNDER SECTION 139 ABATES AND BECOMES NON-EST. NOW, IT IS TRITE TO SAY THAT THE CONCEALMENT HAS TO BE SEEN WITH REFERENCE TO THE RETURN THAT IT IS FILED BY TH E ASSESSEE. THUS, FOR THE PURPOSE OF LEVYING PENALTY UNDER SECTION 271(1)(C), WHAT HAS T O BE SEEN IS WHETHER THERE IS ANY CONCEALMENT IN THE RETURN FILED BY THE ASSESSEE UNDER SECTION 153A, AND NOT VIS-A VIS THE ORIGINAL RETURN UNDER SECTION 139 13.2.4 PREM ARORA VS. DCIT (2012) 78 DTR 91 (DELHI) (TRIBUNAL) (DPB) WHEREIN , IT WAS HELD AS UNDER: SECTION 271(1)(C), READ WITH SECTION 153A, OF THE INCOME-TAX ACT, 1961 - PENALTY - FOR CONCEALMENT OF INCOME - ASSESSMENT YEAR 2004- 05 - WHETHER FOR PURPOSE OF IMPOSITION OF PENALTY UNDER SECTION 271(1)(C) RESUL TING AS A RESULT OF SEARCH ASSESSMENTS MADE UNDER SECTION 153A, ORIGINAL RETUR N OF INCOME FILED UNDER SECTION 139 CANNOT BE CONSIDERED - HELD, YES - WHET HER CONCEALMENT OF INCOME HAS TO BE SEEN WITH REFERENCE TO ADDITIONAL INCOME BROUGHT TO TAX OVER AND ABOVE INCOME RETURNED BY ASSESSEE IN RESPONSE TO NOTICE I SSUED UNDER SECTION 153A AND, THEREFORE, ONCE RETURNED INCOME UNDER SECTION 153A IS ACCEPTED BY ASSESSING OFFICER, IT CAN NEITHER BE A CASE OF CONCEALMENT OF INCOME NOR FURNISHING OF INACCURATE PARTICULARS OF SUCH INCOME - HELD, YES - SEARCH WAS CONDUCTED ON 22- 11-2006 AND CASH WAS FOUND FROM POSSESSION OF ASSES SEE - ASSESSEE HAD DRAWN CASH FLOW STATEMENT FOR ENTIRE PERIOD OF SIX YEARS IN ORDER TO DETERMINE UNDISCLOSED INCOME BASED ON SEIZED MATERIAL FOR EAC H OF SIX ASSESSMENT YEARS - WHETHER PENALTY UNDER SECTION 271(1)(C) CANNOT BE I MPOSED BY INVOKING EXPLANATION 5 IN ASSESSMENT YEAR 2004-05 IN RESPECT OF CASH FOUND IN PREVIOUS YEAR RELEVANT TO ASSESSMENT YEAR 2007-08, MERELY ON PRESUMPTION THAT ASSESSEE MIGHT HAVE BEEN IN POSSESSION OF CASH THROUGHOUT PE RIOD COVERED BY SEARCH ASSESSMENTS - HELD, YES [IN FAVOUR OF ASSESSEE] WORDS AND PHRASES : WORD 'PENDING' OCCURRING IN THE SECOND PROVISO TO SECTION 153A AND WORDS 'ALL OTHER PROVISIONS OF THIS ACT SH ALL APPLY TO THE ASSESSMENT MADE UNDER THIS SECTION' AS OCCURRING IN EXPLANATIO N (I) TO SECTION 153A OF THE INCOME-TAX ACT, 1961 ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 27 13.3 CONTINUING WITH THE SAME ANALOGY, ALSO, KINDLY REFER: THE HONBLE CHENNAI BENCH A OF ITAT IN THE CASE OF ACIT VS. V N DEVADOSS (2013) 32 TAXMANN 133 HAS ALLOWED A DEDUCTION CLAIMED BY THE ASSESSEE U/S 80-IB, WHICH WAS DENIED BY THE AO ON THE PLEA THAT THE RETURN OF INC OME WAS NOT FILED WITHIN THE DUE DATE U/S 139(1) OF THE ACT IN CONTRAVENTION OF SEC 80AC. THE HONBLE ITAT HOWEVER, FINDING THAT THE ASSESSEE DID FILE A RETURN OF INCOME WITHI N THE TIME PERMITTED IN THE NOTICE U/S 153A WHEREIN, THIS DEDUCTION WAS CLAIMED, THE ASSES SEE WAS HELD ENTITLED TO THE DEDUCTION IN AS MUCH AS THE RETURN OF THE INCOME FI LED U/S 153A IS THE RETURN OF INCOME AS CONTEMPLATED FOR THE PURPOSE OF SEC 80-IB R/W SEC 8 0AC. IN THAT CASE IT WAS HELD AS UNDER: DEDUCTION CLAIMED UNDER SECTION 80-IB(10) IN RETUR N FILED UNDER SECTION 153A CANNOT BE DENIED ON GROUND THAT CLAIM WAS NOT MADE EARLIER IN RETURN FILED UNDER SECTION 139(1)- WHERE ASSESSEE FILED RETURN OF INCO ME IN RESPONSE TO NOTICE ISSUED UNDER SECTION 153A, INTEREST UNDER SECTION 234A WAS LIABLE TO BE CHARGED FROM DATE OF EXPIRY OF NOTICE PERIOD GIVEN IN NOTICE UND ER SECTION 153A TO DATE OF COMPLETING ASSESSMENT UNDER SECTION 143(3) ALSO KINDLY REFER MEHTHAN ISPAT LTD VS. DCIT (2015) 55 TAXMANN 444 (K OLKATA TRIB.) HENCE THE IMPUGNED PENALTY DESERVES A COMPLETE DELE TION. 2.7 ON THE OTHER HAND, THE LD. DR STRONGLY RELIED ON TH E ORDERS OF THE AUTHORITIES BELOW. 2.8 WE HAVE CAREFULLY CONSIDERED THE RIVAL CONTENTI ONS OF BOTH THE PARTIES AND PERUSED THE MATERIAL AVAILABLE ON THE RECORD ALONG WITH THE VARIOUS DECISIONS CITED BY THE PARTIES. IN THIS CASE, THE . ASSESSING OFFIC ER INITIATED PENALTY PROCEEDINGS FOR CONCEALMENT OF PARTICULARS OF INCOME AND FOR FURNIS HING INACCURATE PARTICULARS OF INCOME VIDE ASSESSMENT ORDERS EACH DATED 19.03.2013 FOR A.Y. 2009-10 AND 2010- 11 RESPECTIVELY WHEREAS IN THE ASSESSMENT ORDERS EA CH DATED 19.03.2013 FOR A.Y. 2007-08 AND 2008-09, HE SIMPLY MENTIONED THAT THE PENALTY PROCEEDINGS U/S ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 28 271(1)(C) ARE SEPARATELY INITIATED ON THIS ISSUE . BUT THE NOTICES ISSUED U/S 274 READ WITH SECTION 271(1)(C) OF THE ACT WERE ISSUED IN AL L THE YEARS ON 19.03.2013 STATING AS UNDER:- X X X X IT APPEARS TO ME THAT YOU HAVE CONCEALED THE PARTICULARS OF YOUR INCOME AND/OR FURNISHED INACCURATE PARTICULARS OF INCOME. THE FACTS ARE NOT DENIED THAT THE ASSESSEE DISCLOSE D ADDITIONAL INCOME IN ALL THE YEARS IN THE RETURN OF INCOME FILED IN RESPONSE TO NOTICES ISSUED U/S 153A OF THE ACT. THE LD. CIT(A) CONSIDERED THE CASE AND HELD TH AT EXPLANATION 5A TO SECTION 271(1)(C) IS APPLICABLE IN THIS CASE BECAUSE THE SE ARCH WAS CARRIED OUT AFTER 1ST OF JUNE 2007 I.E ON DATED 13.10.2010. HOWEVER, SIMPLY BECAUSE THE ASSESSEE HAS AGREED AND OFFERED THE ADDITIONAL INCOME DURING THE COURSE OF THE SEARCH AND DISCLOSED THE SAME IN THE RETURNS U/S 153A, DOES NO T OBVIATE THE NECESSITY AND IS RATHER A PRECONDITION FOR THE AO TO MAKE SURE THAT THE SHOW CAUSE NOTICE U/S 274 R.W 271(1)(C), SPECIFICALLY STATE THE GROUNDS MENTI ONED IN S. 271(1)(C) I.E WHETHER IT IS FOR CONCEALMENT OF INCOME OR FURNISHING OF IN ACCURATE PARTICULARS OF INCOME. MERELY SENDING A PRINTED PERFORMA WITHOUT STRIKING OFF THE PARTICULAR LIMB OR SPECIFYING THE PARTICULAR GROUND OR DEFAULT WOULD N OT SATISFY THE REQUIREMENT OF LAW. THE ASSESSEE MUST KNOW SPECIFICALLY THE GROUN D WHICH HE HAS TO MEET OTHERWISE, NO PENALTY CAN BE IMPOSED ON THE ASSESSE E. HOWEVER, IN THIS CASE, COPIES OF THE NOTICES DATED 19.03.2013 ISSUED U/S 2 74 IN ALL THE 4 YEARS, HAVE BEEN ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 29 PLACED AT PG 66-66C OF THE ASESSEES COMMON PAPER B OOK. THE RELEVANT PORTION OF THE SUCH NOTICES IS REPRODUCED HEREUNDER X X X X IT APPEARS TO ME THAT YOU HAVE CONCEALED THE PARTICULARS OF YOUR INCOME AND/OR FURNISHED INACCURATE PARTICULARS OF INCOME. THUS, THE AO HAS NOT SPECIFIED WHICH LIMB OF THE P ROVISION, THE ASSESSEE WAS ASKED TO REPLY. THIS DOES NOT MEET WITH THE REQUIRE MENT OF LAW. THE HONBLE KARNATAKA HIGH COURT IN THE CASE OF CIT VS. M/S MAN JUNATHA COTTON & GINNING FACTORY & ORS.(2013) 359 ITR 565 (KARN) HELD THAT S ENDING PRINTED FORM WHERE ALL THE GROUNDS MENTIONED IN SECTION 271 WOULD NOT SATI SFY THE REQUIREMENT OF LAW. THE ASSESSEE SHOULD KNOW THE GROUND WHICH HE HAS TO MEET SPECIFICALLY, OTHERWISE, THE PRINCIPLE OF NATURAL JUSTICE IS OFFENDED ON THE BASIS OF SUCH PROCEEDINGS, NO PENALTY COULD BE COULD BE IMPOSED TO THE ASSESSEE. IN THAT CASE IT WAS HELD THAT NOTICE UNDER SEC. 274 59. AS THE PROVISION STANDS, THE PENALTY PROCEEDING S CAN BE INITIATED ON VARIOUS GROUND SET OUT THEREIN. IF THE ORDER PASSED BY THE AUTHORI TY CATEGORICALLY RECORDS A FINDING REGARDING THE EXISTENCE OF ANY SAID GROUNDS MENTION ED THEREIN AND THEN PENALTY PROCEEDINGS IS INITIATED, IN THE NOTICE TO BE ISSUE D UNDER SECTION 274, THEY COULD CONVENIENTLY REFER TO THE SAID ORDER WHICH CONTAINS THE SATISFACTION OF THE AUTHORITY WHICH HAS PASSED THE ORDER. HOWEVER, IF THE EXISTENCE OF THE CONDITIONS COULD NOT BE DISCERNED FROM THE SAID ORDER AND IF IT IS A CASE OF RELYING ON DEEMING PROVISION CONTAINED IN EXPL.- 1 OR IN EXPL.-1(B), THEN THOUGH PENALTY PROCEEDINGS ARE IN THE NATURE OF CIVIL LIABILITY, IN FACT, IT IS PENAL IN NATURE. IN EITHER EVENT, THE P ERSON WHO IS ACCUSED OF THE CONDITIONS MENTIONED IN SECTION 271 SHOULD BE MADE KNOWN ABOUT THE GROUNDS ON WHICH THEY INTEND IMPOSING PENALTY ON HIM AS THE SECTION 274 MAKES IT CLEAR THAT ASSESSEE HAS A RIGHT TO CONTEST SUCH PROCEEDINGS AND SHOULD HAVE FULL OPPOR TUNITY TO MEET THE CASE OF THE DEPARTMENT AND SHOW THAT THE CONDITIONS STIPULATED IN SECTION 271(1)(C) DO NOT EXIST AS ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 30 SUCH HE IS NOT LIABLE TO PAY PENALTY. THE PRACTICE OF THE DEPARTMENT SENDING A PRINTED FARM WHERE ALL THE GROUND MENTIONED IN SECTION 271 ARE MENTIONED WOULD NOT SATISFY REQUIREMENT OF LAW WHEN THE CONSEQUENCES OF THE ASS ESSEE NOT REBUTTING THE INITIAL PRESUMPTION IS SERIOUS IN NATURE AND HE HAD TO PAY PENALTY FROM 100% TO 300% OF THE TAX LIABILITY. AS THE SAID PROVISIONS HAVE TO BE HELD T O BE STRICTLY CONSTRUED, NOTICE ISSUED UNDER SECTION 274 SHOULD SATISFY THE GROUNDS WHICH HE HAS TO MEET SPECIFICALLY. OTHERWISE, PRINCIPLES OF NATURAL JUSTICE IS OFFENDE D IF THE SHOW CAUSE NOTICE IS VAGUE. ON THE BASIS OF SUCH PROCEEDINGS, NO PENALTY COULD BE IMPOSED ON THE ASSESSEE. THE SAID DECISION SINCE BEEN FOLLOWED IN SEVERAL DE CISIONS OF THE HONBLE HIGH COURTS AND CO-ORDINATE BENCHES OF ITAT. IT WAS FOLL OWED IN CIT V/S SHRI SAMSON PERINCHERY IN ITA NO. 953, 1097, 1154 & 1226/2014 ( MUM. TRIB.) ON DATED 05.01.2017 OBSERVING AS UNDER:- THE TRIBUNAL HAS ALLOWED THE APPEAL FILED BY THE ASSESSEE HOLDING THE NOTICE ISSUED BY THE ASSESSING OFFICER UNDER SECTIO N 274 READ WITH SECTION 271(1)(C) OF THE INCOME TAX ACT, 1961 TO BE BAD IN LAW AS IT DID NOT SPECIFY WHICH LIMB OF SECTION 271(1)(C) OF THE ACT, THE PEN ALTY PROCEEDINGS HAD BEEN INITIATED I.E., WHETHER FOR CONCEALMENT OF PARTICUL ARS OF INCOME OR FURNISHING OF INACCURATE PARTICULARS OF INCOME. THE TRIBUNAL, WHI LE ALLOWING THE APPEAL OF THE ASSESSEE, HAS RELIED ON THE DECISION OF THE DIVISIO N BENCH OF THIS COURT RENDERED IN THE CASE OF CIT V/S MANJUNATHA COTTON AND GINNIN G FACTORY (2013) 359 ITR 565. THE SAME HAS ALSO BEEN AFFIRMED BY THE APEX COURT IN THE CASE OF CIT & ANR. V/S. M/S SSAS EMERALD MEADOWS IN CC NO. 11485/2016 ON D ATED 05.08.2016 THE HONBLE KARNATAKA HIGH COURT HAS TAKEN THE SAME VIE W IN THE CASES OF S CHANDRASHEKHAR VS. ACIT (2017) 88 TAXMANN 459 (KAR HC), MUNINAGA REDDY VS. ACIT (2017) 88 TAXMANN 545 (KAR HC) AND CIT VS. MWP LTD. (2014) 41 TAXMANN 496 (KAR HC). THE HONBLE DELHI HIGH COURT HAS ALSO TAKEN A SIMILAR VIEW IN THE CASE OF VIRGO MARKETING (2008)171 TAXMANN 156 (DEL HC). DURING THE COURSE OF ITA NO. 398/JP/2015 SHRI RAMESH CHAND BANSAL VS DCIT, CENTRAL CIRCLE, A JMER 31 HEARING, THE LD. AR CITED SEVERAL DECISIONS WHICH, INCLUDED A NUMBER OF DECISIONS OF THE CO-ORDINATE BENCH OF ITAT JAIPUR ALSO, AS ME NTIONED ABOVE. ACCORDINGLY, IN VIEW OF THE ABOVE FACTS AND CIRCUMSTANCES OF THE CASE AS WELL AS THE DECISIONS CITED (SUPRA) WE HOLD THAT THE NOTICES ISSUED U/S 2 74 R.W.S. 271(1)(C) OF THE ACT DATED 19.03.2013 ARE NOT VALID AND THE SAME ARE QUA SHED. CONSEQUENTIAL LEVY OF PENALTY IN ALL THE YEARS ARE ALSO DELETED. SINCE WE HAVE DELETED THE PENALTY ON LEGAL GROUND NO. 4, THEREFORE, THE OTHER LEGAL GROUND BEI NG ACADEMIC IS NOT ADJUDICATED UPON. 4.0. IN THE RESULT, THE APPEALS OF THE ASSESSEE AR E ALLOWED . ORDER PRONOUNCED IN THE OPEN COURT ON 21 -06-20 18. SD/- SD/- FOT; IKY JKO HKKXPUN (VIJAY PAL RAO) ( BHAGCHAND) U;KF;D LNL; / JUDICIAL MEMBER YS[KK LNL;@ ACCOUNTANT MEMBER TK;IQJ@ JAIPUR FNUKAD@ DATED:- 21/06/ 2018 *MISHRA VKNS'K DH IZFRFYFI VXZSF'KR@ COPY OF THE ORDER FORWARDED TO: 1. VIHYKFKHZ@ THE APPELLANT- SHRI RAMESH CHAND BANSAL, BEAWAR 2. IZR;FKHZ@ THE RESPONDENT- THE DCIT, CENTRAL CIRCLE, AJMER 3. VK;DJ VK;QDRVIHY@ CIT(A). 4. VK;DJ VK;QDR@ CIT, 5. FOHKKXH; IZFRFUF/K] VK;DJ VIHYH; VF/KDJ.K] T;IQJ@ DR, ITAT, JAIPUR 6. XKMZ QKBZY@ GUARD FILE (ITA NO.398 /JP/2015) VKNS'KKUQLKJ@ BY ORDER, LGK;D IATHDKJ@ ASSISTANT. REGISTRAR