SHRI YASH PAUL MALHOTRA,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JALANDHAR
In the result the appeal of the assessee is allowed
ITA 379/ASR/2024[2016-17]Status: DisposedITAT Amritsar13 Aug 2025AY 2016-17
Bench: Sh. Udayan Dasgupta & Sh. Brajesh Kumar Singh
Section 133ASection 143(3)Section 250Section 271Section 271(1)Section 271(1)(C)Section 271(1)(c)
disallowance on car depreciation and expenses A/c.)
5.4
He further submitted that in this present case, since the AO has not noted any difference between returned income and assessed income, the very foundation of initiation of penalty is not present in this case.
Further, in support of his argument he also referred to the judgment of the jurisdictional High Court
