RAVINDER KUMAR AGARWAL,RISHIKESH vs. CIT(A)-3, NOIDA
Appeal is allowed
ITA 203/DDN/2025[2013-14]Status: DisposedITAT Dehradun30 Jan 2026AY 2013-14
Bench: Sh. Satbeer Singh Godara & Sh. Manish Agarwalita No. 203/Ddn/2025 : Asstt. Year: 2013-14 Ravinder Kumar Agarwal, Vs Cit(A)-3, A. R. T.O. Complex, 2Nd M/S Agarwal Jewellers, Mukherji Road, Rishikesh, Floor, Sector-33, Uttarakhand-249201 Noida, Uttar Pradesh-201301 (Appellant) (Respondent) Pan No. Abjpa9045P Assessee By : Sh. Nitish Gupta, Ca Revenue By : Sh. A. S. Rana, Sr. Dr Date Of Hearing: 15.01.2026 Date Of Pronouncement: 30.01.2026 Order Per Satbeer Singh Godara: This Assessee’S Appeal For Assessment Year 2013-14, Arises Against The Cit(A)-3, Noida’S Din & Order No. Itba/Apl/M/250/2025-26/1079253888(1) Dated 04.08.2025, In Proceedings U/S 271(1)(C) Of The Income Tax Act, 1961. 2. Heard Both The Parties At Length. Case File Perused.
For Appellant: Sh. Nitish Gupta, CAFor Respondent: Sh. A. S. Rana, Sr. DR
Section 271(1)(c)
penalty involves quantum addition of unexplained investment which the assessee could not plead and prove despite having led voluminous detailed evidence, such an instance could not held to be covered under either of the foregoing two limbs attracting u/s 271