(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) We have heard Mr. Ketan H. Shah, learned counsel for the appellant. He submitted that similar question raised by the appellant in Tax Appeal No.1924 of 2010 has been admitted.
Hence, ADMIT. We formulate the following substantial question of law which arises in this appeal as under :-
"Whether on the facts and in the circumstances of the case the Tribunal was right in law in upholding the penalty under Sec.271(1)(c) in respect of the addition of investment which it upheld under Sec.68 in the hands of the assessee in assessment appeal ?"
Issue notice to the other side. Paper book be filed within 3 months. Connect with Tax Appeal No.1924 of 2010.
Sd/-
[V.
M. SAHAI, J.] Sd/-
[N.
V. ANJARIA, J.] Savariya Top