INCOME TAX OFFICER , WARD -4, AMRAVATI vs. SHRI MAHESH SHANKAR SORATE , DARYAPUR
In the result, appeal filed by the Revenue is dismissed
ITA 250/NAG/2018[2013-14]Status: DisposedITAT Nagpur29 Jul 2024AY 2013-14
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Abhay Y. Marathe
Section 143(3)Section 269Section 269TSection 271E
269T of the Act. Therefore, penalty under section 271E of the Act cannot be levied. The learned CIT(A) by considering the explanation of the assessee deleted the addition made by the Assessing Officer. While deleting the penalty, the observations of the learned CIT(A) were as under:–
“7.3 I have also examined the bank account of the appellant held