SANT SHANKAR MAHARAJ AASHRAM,AMRAVATI vs. DCIT ACIT CIR-EXEMP, NAGPUR
In the result, Revenue’s appeal stands dismissed
ITA 504/NAG/2024[2018-19]Status: DisposedITAT Nagpur21 Mar 2025AY 2018-19
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Mahavir AtalFor Respondent: Shri Sandipkumar Salunke
Section 143Section 144Section 270ASection 270A(2)Section 271
6. On appeal, the learned CIT(A) brought down the percentage of penalty from 200% levied by the Assessing Officer to 100% for the reasons stated below:–
“4.2 Section 270A, introduced by the Finance Act 2016 and effective from April
1, 2017. replaced the earlier Section 271, which imposed penalties for concealing income and failing to comply with notices
