NEETABEN PATEL,VADODARA vs. ITO, WARD-1(2)(2), VADODARA

In the result, the appeals filed by the Assessee are hereby allowed

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

reassessment proceedings as well as the JCIT during the penalty proceedings. Further the Assessing Officer did not dispute term loan sanctioned by Allahabad Bank on 16-08-2010 for higher education of assessee’s son at Australia. Thus assessee has clearly proved the genuineness for the cash loans availed by her from relatives and friends for the above term loan

NEETABEN PATEL,VADODARA vs. ITO, WARD-1(2)(2), VADODARA

In the result, the appeals filed by the Assessee are hereby allowed

reassessment proceedings as well as the JCIT during the penalty proceedings. Further the Assessing Officer did not dispute term loan sanctioned by Allahabad Bank on 16-08-2010 for higher education of assessee’s son at Australia. Thus assessee has clearly proved the genuineness for the cash loans availed by her from relatives and friends for the above term loan

MANISHKUMAR RAMLAKHAN AGRAWAL,AHMEDABAD vs. INCOME TAX OOFICER, WARD 6(1)(1), AHMEDABAD, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

reassessment proceedings. It was further submitted that the lapse occurred due to a bonafide mistake and that there was sufficient and reasonable cause, for which the assessee should be protected under section 273B

JAYSHREE NILAM PATEL,AHMEDABAD vs. THE ITO, WARD-1, INTL. TAXN., AHMEDABAD

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

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

273B of the Act. 2. The appellant craves leave to add, alter or delete any ground either before or in the course of hearing of the appeal.” 3. The brief facts of the case are that the present appeal is preferred by the assessee, Ms. Jayshree Nilam Patel, against the order of penalty levied under section 272A