Penalty Proceedings can’t be initiated without any corroborative evidence

Brief of the case In the Case of the Dasrathbhai Narandas Patel v ITO, ITAT-Ahmedabad held that the assessment Proceedings are completely different from Penalty Proceedings and before initiating the penalty proceedings there should be some convincing and corroborative evidence. Facts of the Case Assessee is a teacher, who is also getting income from agriculture. Assessee filed his return of income for A.Y. 2009-10 declaring total income at Rs. 1,45,660/-. The total income was determined at Rs. 4,87,170/- interalia by disallowing the claim of deduction and other additions. According to A.O, the...