Search: reassessment

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Section 271(1)(c)2 Section 1392

LAKHUBHAI NATHUBHAI SISODIYA,AHMEDABAD vs. ITO, WARD 3(2)(3), AHMEDABAD, CURRENT ITO WARD 3(1)(2), AHMEDABAD, AHMEDABAD

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

ITA 716/AHD/2025[2012-13]Status: DisposedITAT Ahmedabad13 Aug 2025AY 2012-13

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

For Appellant: Shri P D Shah, ARFor Respondent: Shri Prateek Sharma, Sr. DR

Section 139Section 147Section 148Section 271(1)(c)Section 69

reassessment proceedings. Hence, the AO held that this was a fit case for imposition of penalty under section 271(1)(c) for concealment of income. Accordingly, Lakhubhai Nathubhai Sisodiya vs. ITO Asst. Year –2012-13 - 4– penalty under section 271(1)(c) was levied on the amount of Rs. 8,75,000/- which was treated as unexplained investment