BAJAJ STEEL INDUSTRIES LTD.,NAGPUR vs. DIRECTOR OF INCOME TAX, NAGPUR
In the result, appeal of the assessee is allowed for statistical purpose
ITA 56/NAG/2023[2018-19]Status: DisposedITAT Nagpur10 Apr 2024AY 2018-19
Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकरअपीलसं. / Ita No.56/Nag/2023 िनधा"रणवष" / Assessment Year :2018-19 Bajaj Steel Industries Ltd., The Director Of Income C-108, Hingna Road, Midc V Tax, Industrial Area, Hingna, S Intelligence & Criminal Investigation, 3Rd Floor, Nagpur – 440028. Pan: Aaacb5340H Room No.301, Aayakar Bhawan, Civil Lines, Nagpur – 440001. Appellant/ Assessee Respondent/Revenue Assessee By Shri Rajesh Loya – Ca-Ar Revenue By Shri Abhay Y. Marathe – Sr.Dr Date Of Hearing 27/03/2024 Date Of Pronouncement 10/04/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld.Commissioner Of Income Tax(Appeals) Passed U/S250 Of The Income Tax Act, 1961 Emanating From The Penalty Order Under Section 271Fa Of The Act Dated 27.09.2019 Passed By Director Of Income Tax(Intelligence & Bajaj Steel Industries Ltd., [A]
Section 2Section 250Section 27Section 271FSection 285Section 285B
27 I FA of the Income Tax Act, 1961
is not acceptable because the total receipts as shown in SFT reporting is Rs.7.74 lakhs, but individual transaction value or cash receipts does not exceed Rs. 2.00 lakhs or more at any point of time or in a single day, during the year under reporting and hence section
