In the result, appeal of the assessee is partly allowed
Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediaआयकर अपील सं./ Ita No. 30/Ahd/2017 "नधा"रण वष"/Assessment Year: 2008-09 Shallu Bansal Dcit, Cent.Cir.1(3) Plot No.1497-B Vs Ahmedabad. Opp: Theosophical Lodge Rupani Circle Bhavnagar 364 001. Pan : Aijpb 8274 G अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri B.R. Popat, Ar Revenue By : Shri Kamlesh Makwana, Sr.Dr
U/s. 80C ..... 1,00,000/- Rs. 1,00,000/- Total income Rs. 13,94,513/- Rounded off Rs.13,94,510/- Assessed Income ..... Rs.13,94,510/- 4. The AO has initiated penalty proceedings under section 271