PIYUSH JUNEJA,KHANDWA vs. JCIT RANGE-4 INDORE, INDORE
In the result, the appeal if the assessee is allowed in terms as
ITA 84/IND/2024[2015-16]Status: DisposedITAT Indore01 Aug 2024AY 2015-16
Bench: Shri Manish Boradassessment Year : 2015-16 Shri Piyush Juneja, Jt.Commissioner 10,Anand Nagar, Of Income-Tax, बनाम/ Khandwa Range 4, Vs. Indore. (Assessee / Appellant) (Revenue / Respondent) Pan : Aolpj9133N Assessee By Shri Gagan Tiwari, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 30.07.2024 Date Of Pronouncement 01.08.2024
Section 143(3)Section 148Section 269TSection 271ESection 273BSection 690T
273B no penalty was liable to be imposed.
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Shri Piyush Juneja, Khandwa vs. JCIT, Range 4, Indore.
Assessment year 2015-16
4. That the ld. NFAC erred in confirming the invocation of provisions of section 269T of the Act without looking into the factum that there was bona fide transaction of repayment of loan or deposit