Search: penalty u/s 271

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Section 56(2)(vii)2 Section 143(3)2

SALEEM AHMED KHAN, BOON ELECTRONIC, CORPORATION MARKET NAUDARA BRIDGE,JABALPUR,JABALPUR vs. INCOME TAX OFFICER , WARD 2(1) , JABALPUR, JABALPUR

In the result, the appeal in ITA No 88/Jab/2022 is not maintainable, ITA

ITA 88/JAB/2022[2014-15]Status: DisposedITAT Jabalpur14 Sept 2023AY 2014-15

For Appellant: Shri H.S Modh, Advocate,ARFor Respondent: Shri.Rajesh Kumar Gupta, CIT-DR

Section 143(2)Section 143(3)Section 56(2)(vii)

35,28,000/- added considering addition U/s 56(2)(vii)(b)(ii) of IT Act, 1961, is arbitrary and bad in law. 3. That the Assessee 'crave leaves to raise any other ground/s on or before the date of hearing to prove that the order passed is bad. 2. The brief facts of the case are that the assessee