KISHAN KUMAR AGARWAL,SECUNDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD
In the result, appeal filed by the assessee is dismissed
ITA 573/HYD/2023[2016-17]Status: DisposedITAT Hyderabad18 Jan 2024AY 2016-17
Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarआ.अपी.सं /Ita No.573/Hyd/2023 (िनधा"रण वष"/Assessment Year: 2016-17) Shri Kishan Kumar Vs. Asstt. C. I. T. Agarwal Central Circle 2(4) Secunderabad Hyderabad Pan:Ablpa3923C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A. Srinivas, Ca राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 10/01/2024 घोषणा की तारीख/Pronouncement: 18/01/2024 Order Per R.K. Panda, Vice-This Appeal Filed By The Assessee Is Directed Against The Order Dated 2.12.2022 Of The Learned Cit(A)-12, Hyderabad Relating To A.Y.2016-17. 2. Although A Number Of Grounds Have Been Raised By The Assessee, However, These All Relate To The Order Of The Learned Cit (A) In Confirming The Penalty Of Rs.17,05,680/- Levied By The Assessing Officer U/S 271(1)(C) Of The I.T. Act.
For Appellant: Shri A. Srinivas, CAFor Respondent: : Smt. Sheetal Sarin, DR
Section 132Section 139Section 153ASection 153CSection 271(1)(c)
41,150/- mentioned against date 27/10, reflects the prize money of the chit. The balance amount of Rs. 55,20,600/- is the chit contributions made by the assessee and his family members.
Then the assessee was given an opportunity to produce the evidences for sources of these chit contributions. Since the assessee could not produce any evidence to substantiate
