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whether concealment penalty can be levied by the CIT

(Querist) 26 December 2010 This query is : Resolved 
Sirs, My query is whether the CIT is competent to initiate and levy concealment penalty u/s.271(1)(c) of the Income-Tax during the revisionary proceedings? The Incometax Act empowered the AO, CIT and CIT(A) to levy such concealment penalty. What are the judicial decisions on this area. Pl.share views with supporting case laws. Thank u.
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Surrender K Singal (Expert) 29 December 2010
Numerous citations on 271(1)(c) are available - only to be searched even on internet / google etc.
soumitra basu (Expert) 20 April 2011
It is only the assessing authority who can make this penalty, no other person.
soumitra basu (Expert) 20 April 2011
It is only the assessing authority who can make this penalty, no other person.

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