KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD
In the result the appeal of the assessee is partly allowed
ITA 389/ALLD/2014[2005-06]Status: DisposedITAT Allahabad29 Nov 2024AY 2005-06
For Appellant: Sh. Praveen Godbole, C.AFor Respondent: Sh. Neel Jain, CIT DR
Section 132Section 143(1)Section 153ASection 153A(1)(b)Section 271(1)(c)Section 36(1)
Penalty proceedings under section 271(1)(c) were initiated.
During the course of assessment, the following additions were made by the ld. AO.
i. On account of suppressed sale – Rs. 16,68,561/-.
ii. On account of inflated expenses on the basis of print outs of CPU marked as KZ-1 –
Rs. 20,76,268/-.
iii. On account of repair
