Merely because assessee failed to prove the gift in the manner required by the department, it is not possible to conclude that assessee concealed her income

CIT v Kokilaben A Shah High Court of Gujarat Tax Appeal No. 496 of 2010 Decided on: 22 June 2011  Oral Order (Per: Akil Kureshi, J) Revenue is in appeal against judgement of the tribunal dated 16.7.2009 deleting penalty of Rs.6,64,730/- imposed by the Assessing officer and confirmed by CIT(Appeals). Question of law raised for our consideration is as under: 1. Whether the Appellate Tribunal is right in law and facts in reversing the order passed by CIT(A) and thereby deleting the penalty of Rs.6,64,730/- made by the Assessing Officer levied u/s.271(1)(c)? 2. During the assessm...