SHRI ROHTASH MONGA,FEROZEPUR vs. ASSISTANT COMMISIONER OF INCOME TAX CIRCLE, FEROZEPUR

In the result, the appeal is allowed for statistical purposes

Bench: Shri Udayan Das Gupta & Shri Krinwant Sahay31Tw? 'Jnftct ^T./Ita No. 286/Asr/2023 Ptyfaui / Assessment Year : 2017-18 Rohtash Monga,' The Acit, Prop. Monga Jewellers, Circle, F.City, Punjab 152002 Ferozepur Wft^Felfh./Pan No: Adqpm0639Q Hitt^/'Respondent 3141 Cl L‘4F/ A P P E 11 A N T ( Hybridhearing ) 3F(T Tt/Assessee By : Shri P.N. Arora, Advocate 'Im'Wcftl 3{R ■$/ Revenue By : Mrs. Neelam Sharma, Sr.Dr ^Hcft^Dt^Wdate Of Hearing 27.12.2024 U 11 Cfrlctt'^Wdate Of Pronouncement 3Ft‘I^T/Order Per Krinwant Sahay, Am: Appeal In This Case Has Been Filed By The Assessee Against The Order Dated 16.09.2023Passed By Id. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi (Nfac). Grounds Of Appeal Are As Under: - 2. That Whether The Worthy Cit(A). Nfac Is Right In Confirming 1. The Penalty Levied U/S 271-D For A.Y. 2017-2018 Passed On Dt. 16.9.2023 Which Was Not Initiated With The Assessment Order Passed 30.11.2019 By Ao, Range-1. Ferozepur Keeping In View The Letter Of Offer Surrender Dt. 8.11.2011 In Which It Is Written That Surrender Is Subject To No Penal Action Against The Assessee, Which Was Accepted By The Survey Party As Veil As The A.O. Who Framed The Assessment For A. O. 17-18, If Wrong, Then The Penult Orders May Kindly Be Quashed. \