BharatTax.net
SearchITATHigh CourtsSupreme CourtAI ResearchHistory

Filters

BharatTax.net

Free search engine for ITAT (Income Tax Appellate Tribunal) judgments across all 28 benches in India.

Quick Links

  • Search Judgments
  • Browse by Bench
  • Recent Judgments

About

BharatTax provides free access to Income Tax Appellate Tribunal orders for legal research and reference.

© 2026 BharatTax.net. All rights reserved.

218 results for “penalty u/s 271”+ Section 148(2)clear

Sorted by relevance

Mumbai702Delhi573Jaipur260Ahmedabad218Surat169Kolkata157Pune146Hyderabad146Chennai130Bangalore121Rajkot114Indore112Chandigarh107Raipur85Allahabad48Lucknow46Amritsar42Nagpur40Visakhapatnam39Patna39Agra28Guwahati20Cuttack18Cochin17Dehradun15Jodhpur12Panaji10Jabalpur10Varanasi3Ranchi2

Key Topics

Section 148159Section 147105Addition to Income92Section 271(1)(c)70Penalty61Section 69A46Section 143(3)44Reopening of Assessment44Section 250

DHARMENBHAI MAHENDRABHAI SUTARIA,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result appeal of the assessee is hereby allowed

ITA 251/AHD/2022[2009-10]Status: DisposedITAT Ahmedabad10 Apr 2024AY 2009-10

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

For Appellant: Ms Nupur Shah, A.RFor Respondent: Shri Ashok Kumar Suthar, Sr.DR
Section 132Section 153ASection 271(1)Section 271(1)(c)

2 lakhs offered under the head in from other sources against cash deposit and remaining amount offered under the head short- term capital gain. The AO initiated penalty proceedings under section 271(1)(c) of the Act against the additional income offered by the assessee in the return filed u/s 148

Showing 1–20 of 218 · Page 1 of 11

...
40
Section 14439
Section 6836
Reassessment33

DHARMENBHAI MAHENDRABHAI SUTARIA,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), AHMEDABAD

In the result appeal of the assessee is hereby allowed

ITA 252/AHD/2022[2011-12]Status: DisposedITAT Ahmedabad10 Apr 2024AY 2011-12

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

For Appellant: Ms Nupur Shah, A.RFor Respondent: Shri Ashok Kumar Suthar, Sr.DR
Section 132Section 153ASection 271(1)Section 271(1)(c)

2 lakhs offered under the head in from other sources against cash deposit and remaining amount offered under the head short- term capital gain. The AO initiated penalty proceedings under section 271(1)(c) of the Act against the additional income offered by the assessee in the return filed u/s 148

DHARMENBHAI MAHENDRABHAI SUTARIA,HUF,AHMEDABAD vs. ACIT, CENTRAL CIRCLE-1(2), , AHMEDABAD

In the result appeal of the assessee is hereby allowed

ITA 253/AHD/2022[2011-12]Status: DisposedITAT Ahmedabad10 Apr 2024AY 2011-12

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalasstt. Sr.No.

For Appellant: Ms Nupur Shah, A.RFor Respondent: Shri Ashok Kumar Suthar, Sr.DR
Section 132Section 153ASection 271(1)Section 271(1)(c)

2 lakhs offered under the head in from other sources against cash deposit and remaining amount offered under the head short- term capital gain. The AO initiated penalty proceedings under section 271(1)(c) of the Act against the additional income offered by the assessee in the return filed u/s 148

MAHAVEER SINGH,AHMEDABAD vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal filed by the Assessee is hereby dismissed

ITA 840/AHD/2025[2018-19]Status: DisposedITAT Ahmedabad03 Mar 2026AY 2018-19

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

Section 139(1)Section 142(1)Section 143(3)Section 148Section 234FSection 263(1)Section 270ASection 270A(2)(b)Section 272A(1)(d)Section 44A

148 notice within the time, which clearly the attracts the provisions of Section 270A(2)(b) of the Act which is prejudicial to the interest of Revenue. 9.1. Further Co-ordinate Bench of this Tribunal decision in the case of Vikas Vijay Gupta Vs. PCIT in ITA No. 404/Ahd/2024 dated 27-05- 2025 considered various decisions of the Tribunal, Delhi

MANAS KUMAR DAS,AHMEDABAD vs. THE ITO, WARD-5(1)(3), AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 1278/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad20 Feb 2025AY 2011-12

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

For Appellant: Shri Pradeep Tulsian, A.RFor Respondent: Shri Ravindra, Sr. D.R
Section 133(6)Section 142(1)Section 148Section 250

271(l)(c) by stating that the assessee has concealed ITA Nos. 1277&1278/Ahd/2024 Manas Kumar Das vs. ITO Asst. Year –2011-12 - 5– the particulars of income which is not valid notice as the assessee has shown the same in his return filed under section 148 of the Act. Penalty Proceeding U/s 271F: 20) AO has initiated the penalty

MANAS KUMAR DAS,AHMEDABAD vs. THE ITO, WARD-5(1)(3), AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 1277/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad20 Feb 2025AY 2011-12

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

For Appellant: Shri Pradeep Tulsian, A.RFor Respondent: Shri Ravindra, Sr. D.R
Section 133(6)Section 142(1)Section 148Section 250

271(l)(c) by stating that the assessee has concealed ITA Nos. 1277&1278/Ahd/2024 Manas Kumar Das vs. ITO Asst. Year –2011-12 - 5– the particulars of income which is not valid notice as the assessee has shown the same in his return filed under section 148 of the Act. Penalty Proceeding U/s 271F: 20) AO has initiated the penalty

GUJARAT MEDICAL EDUCATION AND RESEARCH SOCIETY AHMEDABAD,GANDHINAGAR vs. THE DY.CIT, CIRCLE-1, EXEMP, AHMEDABAD

In the result, the appeals of the assessee for A

ITA 2612/AHD/2025[2015-16]Status: DisposedITAT Ahmedabad17 Feb 2026AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

For Appellant: Respondent by: Shri Rignesh Das, CIT-DRFor Respondent: Shri Rignesh Das, CIT-DR
Section 10Section 234ASection 270ASection 271(1)(c)Section 271ASection 69

2. The learned CIT(A) has grossly erred in law and on facts in upholding the learned Assessing Officer's decision in levying penalty of Rs.166,50,03,312/- under section 271(1)(c) of the Act despite the fact that the appellant is eligible for exemption under sections 10(23C)(iiiab) of the Act and 10(23C)(iiiac

GUJARAT MEDICAL EDUCATION AND RESEARCH SOCIETY AHMEDABAD,GANDHINAGAR vs. THE DY.CIT, CIRCLE-1, EXEMP, AHMEDABAD

In the result, the appeals of the assessee for A

ITA 2615/AHD/2025[2018-19]Status: DisposedITAT Ahmedabad17 Feb 2026AY 2018-19

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

For Appellant: Respondent by: Shri Rignesh Das, CIT-DRFor Respondent: Shri Rignesh Das, CIT-DR
Section 10Section 234ASection 270ASection 271(1)(c)Section 271ASection 69

2. The learned CIT(A) has grossly erred in law and on facts in upholding the learned Assessing Officer's decision in levying penalty of Rs.166,50,03,312/- under section 271(1)(c) of the Act despite the fact that the appellant is eligible for exemption under sections 10(23C)(iiiab) of the Act and 10(23C)(iiiac

GUJARAT MEDICAL EDUCATION AND RESEARCH SOCIETY AHMEDABAD,GANDHINAGAR vs. THE DY.CIT, CIRCLE-1, EXEMP, AHMEDABAD

In the result, the appeals of the assessee for A

ITA 2613/AHD/2025[2015-16]Status: DisposedITAT Ahmedabad17 Feb 2026AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

For Appellant: Respondent by: Shri Rignesh Das, CIT-DRFor Respondent: Shri Rignesh Das, CIT-DR
Section 10Section 234ASection 270ASection 271(1)(c)Section 271ASection 69

2. The learned CIT(A) has grossly erred in law and on facts in upholding the learned Assessing Officer's decision in levying penalty of Rs.166,50,03,312/- under section 271(1)(c) of the Act despite the fact that the appellant is eligible for exemption under sections 10(23C)(iiiab) of the Act and 10(23C)(iiiac

GUJARAT MEDICAL EDUCATION AND RESEARCH SOCIETY AHMEDABAD,GANDHINAGAR vs. THE DY.CIT, CIRCLE-1, EXEMP, AHMEDABAD

In the result, the appeals of the assessee for A

ITA 2616/AHD/2025[2018-19]Status: DisposedITAT Ahmedabad17 Feb 2026AY 2018-19

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

For Appellant: Respondent by: Shri Rignesh Das, CIT-DRFor Respondent: Shri Rignesh Das, CIT-DR
Section 10Section 234ASection 270ASection 271(1)(c)Section 271ASection 69

2. The learned CIT(A) has grossly erred in law and on facts in upholding the learned Assessing Officer's decision in levying penalty of Rs.166,50,03,312/- under section 271(1)(c) of the Act despite the fact that the appellant is eligible for exemption under sections 10(23C)(iiiab) of the Act and 10(23C)(iiiac

GUJARAT MEDICAL EDUCATION AND RESEARCH SOCIETY AHMEDABAD,GANDHINAGAR vs. THE DY.CIT, CIRCLE-1, EXEMP, AHMEDABAD

In the result, the appeals of the assessee for A

ITA 2614/AHD/2025[2018-19]Status: DisposedITAT Ahmedabad17 Feb 2026AY 2018-19

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

For Appellant: Respondent by: Shri Rignesh Das, CIT-DRFor Respondent: Shri Rignesh Das, CIT-DR
Section 10Section 234ASection 270ASection 271(1)(c)Section 271ASection 69

2. The learned CIT(A) has grossly erred in law and on facts in upholding the learned Assessing Officer's decision in levying penalty of Rs.166,50,03,312/- under section 271(1)(c) of the Act despite the fact that the appellant is eligible for exemption under sections 10(23C)(iiiab) of the Act and 10(23C)(iiiac

PRAKASH AMARLAL DOULATANI,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-3(3)(4), AHMEDABAD

In the result, appeal preferred by the assessee is allowed

ITA 970/AHD/2023[2011-12]Status: DisposedITAT Ahmedabad31 Jan 2024AY 2011-12

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 970/Ahd/2023 ("नधा"रण वष" / Assessment Year : 2011-12) Prakash Amarlal The Income Tax Officer बनाम/ Ward -3(3)(4), Ahmedabad Doulatani Vs. 16/318, Satyagrah Chhavni, Near Bhavnirjar, Satellite Road, Ahmedabad - 380015 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaspd3727B (Appellant) .. (Respondent) Shri Vihar Soni, A.R. Assessee By : Shri Urjit Shah, Sr. Dr Revenue By : सुनवाई क" तार"ख / Date Of 30/01/2024 Hearing घोषणा क" तार"ख /Date Of 31/01/2024 Pronouncement O R D E R Per Ms. Madhumita Roy - Jm: The Instant Appeal Filed At The Instance Of The Assessee Is Directed Against The Order Dated 05.10.2023 Passed By National Faceless Appeal Centre (Nfac), Delhi Arising Out Of The Order Dated 22.11.2018 Passed By The Ito, Ward-3(3)(4), Ahmedabad Under Section 143(3) R.W.S. 147 Of The Income Tax Act, 1961, (Hereinafter Referred To As ‘The Act’) For Assessment Year 2011-12, Whereby & Wherunder The Addition Made By The Ld. Ao On Account Of ‘On Money’ Has Been Confirmed.

For Appellant: Shri Urjit Shah, Sr. DR
Section 132Section 142(1)Section 143(2)Section 143(3)Section 147Section 148

penalty u/s 271(1)(b) of the I.T. Act and completion of assessment proceeding ex-partie u/s 144 of the Income-tax Act, 1961 on the basis of material available on record with this office. This Notice may be treated as notice issued u/s. 142(1) r.w.s. 129 of the Income-tax Act. You are requested to comply to this

SUNILKUMAR BHAGCHAND TALREJA,SABARKANTHA vs. THE ITO, WARD-1, HIMATNAGAR

In the result, both the appeals filed by the assessee are allowed

ITA 2108/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad27 Feb 2026AY 2014-15

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleita Nos. 2107 & 2108/Ahd/2025 Assessment Years 2013-14 & 2014-15

For Appellant: Ms. Astha Maniar, A.RFor Respondent: Shri Veerbadram Vislavath, Sr. D.R
Section 115WSection 142Section 142(1)Section 143Section 144Section 148Section 271(1)(b)Section 69C

2)(a) of section 142. The Assessing Officer cannot impose penalty u/s. 271(1)(b) of the Act. 6. The ld. D.R. relied upon the assessment order and the order of the CIT(A). 7. We have heard both the parties and perused all the relevant materials available on record. There is a delay of 7 days in filing present

SUNILKUMAR BHAGCHAND TALREJA,SABARKANTHA vs. THE ITO, WARD-1, HIMATNAGAR

In the result, both the appeals filed by the assessee are allowed

ITA 2107/AHD/2025[2013-14]Status: DisposedITAT Ahmedabad27 Feb 2026AY 2013-14

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleita Nos. 2107 & 2108/Ahd/2025 Assessment Years 2013-14 & 2014-15

For Appellant: Ms. Astha Maniar, A.RFor Respondent: Shri Veerbadram Vislavath, Sr. D.R
Section 115WSection 142Section 142(1)Section 143Section 144Section 148Section 271(1)(b)Section 69C

2)(a) of section 142. The Assessing Officer cannot impose penalty u/s. 271(1)(b) of the Act. 6. The ld. D.R. relied upon the assessment order and the order of the CIT(A). 7. We have heard both the parties and perused all the relevant materials available on record. There is a delay of 7 days in filing present

FATEHSINH UDESINH PARMAR,AT. DENA, VADODARA vs. INCOME TAX OFFICER, INCOME TAX OFFICER WARD

In the result, the appeal filed by the assessee is allowed

ITA 772/AHD/2023[2015-16]Status: DisposedITAT Ahmedabad31 May 2024AY 2015-16

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokar, Accountnat Member Assessment Year: 2015-16 Fatehsinh Udesinh Parmar, The Income Tax Officer, At. Dena Para, Vs Ward-3(1)(4), Hami Dena Road, Vadodara Vadodara-390022 Gujarat Pan: Awwpp2183 M अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Anil B Thakkar, Ar Revenue By : Shri N.J. Vyas, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 15/05/2024 घोषणा क" तार"ख /Date Of Pronouncement: 31/05/2024 आदेश/O R D E R Per Makarand V. Mahadeokarthis Appeal Is Filed By The Assessee As Against The Order Dated 4-8-2023 Passed By The Commissioner (Appeals), National Faceless Appeal Centre, Delhi, (Hereinafter Referred To As 'Nfac'), Dismissing The Appeal Against The Order Penalty Passed By The Assessing Officer (Hereinafter Referred As “Ao”) Under Section 271(1)(B) Of The Income Tax Act, 1961 (Hereinafter Referred To As 'The Act') Relating To The Assessment Year (A.Y) 2015-16. Fatehsinh Udesinh Parmar Vs. Ito Asst. Year: 2015-16

For Appellant: Shri Anil B Thakkar, ARFor Respondent: Shri N.J. Vyas, Sr.DR
Section 142(1)Section 144Section 147Section 148Section 271(1)(b)Section 273B

148 was issued on 31.03.2021. However, there was no compliance by the assessee in response to the notice u/s 142(1). 3. Two show cause notices were sent to the assessee on 7.4.2022 and 5.8.2022 under section 271(1)(b) as why not to levy of penalty for noncompliance of the notices issued under section

JASWANT N. SONI,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1, INTL. TAXN. , AHMEDABAD

In the result, all the three appeals of the assessee are allowed

ITA 1372/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad25 Feb 2026AY 2013-14

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamble&

Section 143(2)Section 143(3)Section 144Section 144C(5)Section 147Section 148Section 271(1)(c)Section 271FSection 69

271(1)(c) of the Act. The third appeal is directed against the order dated 22.05.2024 passed by the Ld. CIT(A), arising out of penalty proceedings u/s 271F of the Act. ITA Nos. 114/Ahd/2023 & 1371 &1372/Ahd/2024 Jaswant N Soni Vs. ITO Asst.Year : 2013-14 - 2– 2. Since all the appeals pertain to same assessee, same assessment year and involve

JASWANT N. SONI,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1,INTL.TAXN., AHMEDABAD

In the result, all the three appeals of the assessee are allowed

ITA 1371/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad25 Feb 2026AY 2013-14

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamble&

Section 143(2)Section 143(3)Section 144Section 144C(5)Section 147Section 148Section 271(1)(c)Section 271FSection 69

271(1)(c) of the Act. The third appeal is directed against the order dated 22.05.2024 passed by the Ld. CIT(A), arising out of penalty proceedings u/s 271F of the Act. ITA Nos. 114/Ahd/2023 & 1371 &1372/Ahd/2024 Jaswant N Soni Vs. ITO Asst.Year : 2013-14 - 2– 2. Since all the appeals pertain to same assessee, same assessment year and involve

JASWANT N. SONI,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1, INTL. TAXN., AHMEDABAD

In the result, all the three appeals of the assessee are allowed

ITA 114/AHD/2023[2013-14]Status: DisposedITAT Ahmedabad25 Feb 2026AY 2013-14

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamble&

Section 143(2)Section 143(3)Section 144Section 144C(5)Section 147Section 148Section 271(1)(c)Section 271FSection 69

271(1)(c) of the Act. The third appeal is directed against the order dated 22.05.2024 passed by the Ld. CIT(A), arising out of penalty proceedings u/s 271F of the Act. ITA Nos. 114/Ahd/2023 & 1371 &1372/Ahd/2024 Jaswant N Soni Vs. ITO Asst.Year : 2013-14 - 2– 2. Since all the appeals pertain to same assessee, same assessment year and involve

YOGESH JASHUBHAI PATEL,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-3(4) NOW WARD- 1(2)(1), AHMEDABAD

In the result, both the appeals filed by the assessee are allowed

ITA 158/AHD/2023[2011-12]Status: DisposedITAT Ahmedabad06 Nov 2025AY 2011-12

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal1. आयकर अपील सं /Ita No.158/Ahd/2023, Asst.Year 2011-12 2. आयकर अपील सं /Ita No.159/Ahd/2023, Asst.Year 2011-12 Yogesh Jashubhai Patel, The Income Tax Officer Harivallabh Society बनाम/ Ward-3(4) V/S. Naroda Now Ward-1(2)(1) Opp. Devi Cinema Ahmedabad – 380 051 Ahmedabad – 382 345 "थायी लेखा सं./Pan: Audpp 9058 L (अपीलाथ"/ Appellant) ("" यथ"/ Respondent) Assessee By : Shri M.K. Patel, Advocate Revenue By : Shri C. Dharani Nath, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 16/09/2025 घोषणा की तारीख /Date Of Pronouncement: 06/11/2025 आदेश/O R D E R Per Siddhartha Nautiyal, Jm: The Present Appeals Have Been Preferred By The Assessee Against The Order Of The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As ‘Cit(A)’] Dated 06/01/2023 Passed U/S.250 Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) For The Assessment Year (Ay) 2011-2012. 2. The Assessee Has Raised The Following Grounds Of Appeal In Ita No.158/Ahd/2023:

For Appellant: Shri M.K. Patel, AdvocateFor Respondent: Shri C. Dharani Nath, Sr.DR
Section 250Section 271(1)(c)

148/-. The return was processed under section 143(1) of the Income-tax Act, 1961 (“the Act”) on 10.09.2012. The Assessing Officer subsequently selected the case for scrutiny and issued notices under sections 143(2) and 142(1) of the Act along with questionnaires were issued to the assessee. During the course of the assessment proceedings, the Assessing Officer

YOGESH JASHUBHAI PATEL,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-3(4) NOW WARD- 1(2)(1), AHMEDABAD

In the result, both the appeals filed by the assessee are allowed

ITA 159/AHD/2023[2011-12]Status: DisposedITAT Ahmedabad06 Nov 2025AY 2011-12

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal1. आयकर अपील सं /Ita No.158/Ahd/2023, Asst.Year 2011-12 2. आयकर अपील सं /Ita No.159/Ahd/2023, Asst.Year 2011-12 Yogesh Jashubhai Patel, The Income Tax Officer Harivallabh Society बनाम/ Ward-3(4) V/S. Naroda Now Ward-1(2)(1) Opp. Devi Cinema Ahmedabad – 380 051 Ahmedabad – 382 345 "थायी लेखा सं./Pan: Audpp 9058 L (अपीलाथ"/ Appellant) ("" यथ"/ Respondent) Assessee By : Shri M.K. Patel, Advocate Revenue By : Shri C. Dharani Nath, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 16/09/2025 घोषणा की तारीख /Date Of Pronouncement: 06/11/2025 आदेश/O R D E R Per Siddhartha Nautiyal, Jm: The Present Appeals Have Been Preferred By The Assessee Against The Order Of The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As ‘Cit(A)’] Dated 06/01/2023 Passed U/S.250 Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) For The Assessment Year (Ay) 2011-2012. 2. The Assessee Has Raised The Following Grounds Of Appeal In Ita No.158/Ahd/2023:

For Appellant: Shri M.K. Patel, AdvocateFor Respondent: Shri C. Dharani Nath, Sr.DR
Section 250Section 271(1)(c)

148/-. The return was processed under section 143(1) of the Income-tax Act, 1961 (“the Act”) on 10.09.2012. The Assessing Officer subsequently selected the case for scrutiny and issued notices under sections 143(2) and 142(1) of the Act along with questionnaires were issued to the assessee. During the course of the assessment proceedings, the Assessing Officer