Search: penalty u/s 271

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Section 271(1)(c)3 Section 2503

WASIM KHAN,SHIVPURI vs. INCOME TAX OFFICER, SHIVPURI

In the result, the appeal of the assessee is allowed for statistical purpose

ITA 39/AGR/2025[2015-16]Status: DisposedITAT Agra02 Apr 2025AY 2015-16

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2015-16]

Section 147Section 250Section 271(1)(c)

3. Brief facts of the case: In this case, the Assessing Officer has levied penalty u/s 271(1)(c) of the Act amounting to Rs.42,09,426/- in respect of cash deposit in bank account amounting to Rs.1,21,92,400/- and credits to the tune of Rs.1,91,908/- in the said bank account. The penalty order was passed