Search: penalty u/s 271

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Section 2636 Section 142(1)4 Section 1482 Demonetization2

SHER SINGH,PALAMPUR vs. INCOME TAX OFFICER, PALAMPUR

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

ITA 664/CHANDI/2023[2017-18]Status: DisposedITAT Chandigarh24 Jun 2024AY 2017-18

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Ashwani Kumar, C.AFor Respondent: Shri Dharam Vir, JCIT, Sr. DR

Section 131Section 142(1)Section 143(2)Section 148Section 250Section 253Section 272A(1)(d)

demonetization period remained unexplained. Therefore, Rs.44,70,0007- is added to the total income of the assessee u/s 69A of income tax act, 1961 as unexplained money and taxed as per provisions of section 115BBE i.e taxed @ 60%. Penalty proceedings u/s 271AAC(1) is also initiated for addition of Rs.44,70,000/- which is taxed as per provisions of section

SHER SINGH,PALAMPUR vs. INCOME TAX OFFICER, PALAMPUR

SHER SINGH,PALAMPUR vs. INCOME TAX OFFICER, PALAMPUR

ANUPAM,BARNALA vs. INCOME TAX OFFICER, BARNALA