PALABATHUNI CHANDRA RAVI,RAMASAMUDRAM vs. ITO, WARD-1,, MADANAPALLE
In the result, appeal filed by the assessee is allowed for statistical purposes
ITA 659/HYD/2022[2017-18]Status: DisposedITAT Hyderabad28 Apr 2023AY 2017-18
Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year:2017-18 Shri Palabathuni Chandra Vs. Income Tax Officer Ravi, Ramasamudram Ward-1 Pan:Atepr8548M Madanapalle (Appellant) (Respondent) Assessee By: Shri K.A. Sai Prasad, Ca Revenue By: Shri Kprr Murthy, Cit(Dr) Date Of Hearing: 26/04/2023 Date Of Pronouncement: 28/04/2023 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 29.6.2022 Of The Learned Cit (A)-Nfac, Delhi Relating To A.Y.2017-18. 2. Levy Of Penalty Of Rs.1,50,000/- Made By The Assessing Officer U/S 271B Of The Act & Confirmed By The Learned Cit (A)-Nfac Is The Only Issue Raised By The Assessee In The Ground Of Appeal.
For Appellant: Shri K.A. Sai Prasad, CAFor Respondent: Shri KPRR Murthy, CIT(DR)
Section 143(3)Section 271BSection 44A
delay in filing of the appeal is hereby condoned and the appeal is admitted for adjudication.
4. Facts of the case, in brief, are that the assessee is an individual and filed his return of income electronically on 21.1.2018 declaring total income at Rs.6,21,210/-. During the course of assessment proceedings, it was noticed by the Assessing
Officer that
