In the result, the appeal of the assessee is allowed
Bench: Shri M. Balaganesh(Through Virtual Hearing)
6. In the result, the appeal of the assessee is allowed. ITA No. 7/Ag/2023 – Asst Year 2017-18 - Assessee Appeal 7. The only effective issue to be decided in this appeal is as to whether the Learned NFAC was justified in confirming the levy of penalty under section 270A of the Act in the facts and circumstances