PAWAN KUMAR JAIN ,HANUMANGARH vs. PR. CIT-1, JODHPUR
In the result, the appeal filed by the assessee is allowed
ITA 30/JODH/2021[2016-17]Status: DisposedITAT Jodhpur07 Sept 2021AY 2016-17
Bench: Us.
For Appellant: Shri Rajendra Jain (C.A.)For Respondent: Smt. Sanchita Kumar (CIT) a
Section 143(3)Section 263
penalty u/s 271(1)© is hereby initiated for concealing true income on the amount of Rs.
43,00,935/- being undisclosed income subsequently surrendered by the assessee.”
13. We therefore find that the matter relating to unrecorded advances found during the course of survey and taxability thereof has been enquired by the AO and specific queries have been raised
