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Section 271(1)24 Section 143(3)4 Section 2744 Section 133A4 Section 1474 Unexplained Money4 Cash Deposit4 Penalty4 Survey u/s 133A4

SHRI MANOJ KUMAR JAJODIA,SHILLONG vs. INCOME TAX OFFICER, WARD-2, SHILLONG

In the result, all the appeals of the assessee are allowed

ITA 34/GTY/2020[2014-15]Status: DisposedITAT Guwahati16 Jun 2023AY 2014-15

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 133ASection 143(3)Section 147Section 271(1)Section 274

Section 274 was initiated on 22.11.2018. Thereafter the notice was issued u/s 271(1)(c ) of the Act on 09.01.2019 to the assessee to explain as to why penalty should not be imposed for furnishing inaccurate particulars of income. It was noted by the AO in the assessment proceedings that the assessee had deposited cash into the bank accounts