Bench: Shri Chandra Mohan Gargassessment Year: 2014-2015
disallowed by the Ld. A.O. during the course of assessment & added to the total income. Once again the said Rs. 45,000/- is imposed as a penalty u/s 271D by the Ld. Addl. CIT which is confirmed by the Ld. CIT(A). Therefore the Ld. A.O. is agreed to the accept that all the amounts are received for business purpose