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)

vii)(b)(ii) of the Act are complied. Whereas the submissions of the assessee on the disputed issue made before the CIT(A) are emerged for the first time and the A.O has to examine the facts and the nature of transactions. Accordingly, to meet the ends of justice, we set aside the order of the CIT(A) and restore