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D.KARUNAKARA RAO, VIVEK VARMA
Lodha Builders (P. ) Ltd. – Appellant
Versus
Assistant Commissioner of Income-tax – Respondent
D. Karunakara Rao Accountant Member - The are 7 appeals under consideration involving seven different assessee. These are the sister concerns belonging to Lodha Group. All these appeals are filed by the assessee involving asst. yr. 2009-10 against the common order of the CIT(A)-38, Mumbai, dt. 31st Dec, 2013 involving penalty under s. 27ID of the Act. Levy of penalty under s. 271D/271E of the IT Act is the issue in these appeals and the CIT(A) passed separate orders, date same involving penalty under s. 27IE. Since the issues raised by the assessee in all the seven appeals are identical. therefore, for the sake of convenience, they are clubbed, heard combinedly and disposed of in this consolidated order. Appeal-wise and ground-wise adjudication is given in the following paras. To start with, we shall undertake to adjudicate the appeal in the case of Lodha Builders (P) Ltd. in the succeeding paras involving two penalties under ss. 27ID and 271E of the Act.
2. This appeal ITA No. 476/Mum/2014 filed by the assessee on 21st Jan., 2014 is in connection with penalty levied under s. 27ID of the Act and the effective grounds raised in the appeal read as under :
"1. On the facts and in t
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