Dismissing the appeal of the Revenue the Tribunal held that the assessed and returned income remain the same. The levy of penalty is not applicable. The ratio of MAK Data Pvt Ltd v. CIT (2013) 358 ITR 593 (SC) has no application to the facts of the case. (AY. 2013-14)
ACIT v. East West Developers (2022) 219 TTJ 53 (UO)/98 ITR 33 (SN) (Pune)(Trib)
S. 271(1)(c) : Penalty-Concealment-Survey-Surrender of income-Included in the return of income-Reported income and assessed income is same-Deletion of penalty is valid [S. 133A]