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Section 271(1)(c)5 Section 10(38)4 Section 1482

RAJESH JAGDISH TRIVEDI,CHENNAI vs. ITO, CON CORPORATE WARD-6(1), CHENNAI

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

ITA 669/CHNY/2024[2014-15]Status: DisposedITAT Chennai14 Jun 2024AY 2014-15

Bench: Shri Mahavir Singhand Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 669/Chny/2024 िनधा"रण वष"/Assessment Year: 2014-15 Shri Rajesh Jagdish Trivedi, The Income Tax Officer, 312, Mint St, Parrys, Vs. Non-Corporate Ward – 6(1), Park Town Ho, Chennai. Chennai – 600 003. Pan: Aabpt 9341G (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri K. Balasubramanian, Advocate ""यथ" क" ओर से/Respondent By : Shri N. Sanjay Gandhi, Jcit सुनवाई क" तारीख/Date Of Hearing : 11.06.2024 घोषणा क" तारीख/Date Of Pronouncement : 14.06.2024

For Appellant: Shri K. Balasubramanian, AdvocateFor Respondent: Shri N. Sanjay Gandhi, JCIT

Section 10(38)Section 142(1)Section 143(3)Section 148Section 271(1)(c)

penalty u/s 271(1)(c) of Rs. 1,38,123/- for concealment of income and the same is upheld. Grounds no. 1.1, 1.2 and 1.3 are hereby dismissed.” Aggrieved, now assessee is in appeal before the Tribunal. 5. We have heard rival contentions and gone through the facts and circumstances of the case. We noted that the alleged SIT report