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

Bench: Shri R.K. Pandaassessment Year: 2012-13 Sonia Malik, Vs. Jcit, 229, Ground Floor, Range-69, Avtar Enclave, Paschim Vihar, New Delhi. New Delhi. Pan: Anqpm9150J (Appellant) (Respondent) Assessee By : Shri Pramod Jain, Fca Revenue By : Shri S.L. Anuragi, Sr. Dr Date Of Hearing : 06.05.2019 Date Of Pronouncement : 10.05.2019 Order This Appeal By The Assessee Is Directed Against The Order Dated 6Th Septemfebr, 2018 Passed By The Cit(A)-21, New Delhi, Relating To Assessment Year 2012-13. 2. The Assessee In Various Grounds Has Challenged The Order Of The Cit(A) In Sustaining The Penalty Of Rs.3,25,000/- Levied By The Jcit U/S 271D Of The It Act.

capital gain claimed by the assessee u/s 54F of the IT Act apart from making addition of Rs.57,538/- on account of interest and Rs.8,160/- under the head ‘Salary.’ During the course of assessment proceedings, the Assessing Officer noted that the assessee had taken cash loan of Rs.1,25,000/- from Shri Darshan Singh Gujral, Rs.1,00,000/- from