SMT. RADHADEVI MADHUSUDAN JAJODIA,THANE vs. DEPUTY COMMISSIONER OF INCOME TAX , AMRAVATI CIRCLE, AMRAVATI
In the result, appeal filed by the assessee is allowed for statistical purposes
ITA 84/NAG/2023[2014-15]Status: DisposedITAT Nagpur25 Jun 2024AY 2014-15
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Himesh DambleFor Respondent: Shri Rajat Singhai
Section 142(1)Section 143(2)Section 234ASection 271(1)(c)Section 43C
penalty proceedings u/s 271(1)(c) is unjustified and unwarranted.”
3. Facts in brief:– The assessee is an individual and is engaged in the business of plot development. The assessee filed its return of income for the year under consideration on 29/11/2014, declaring total income at `
35,60,840. The case was picked up for scrutiny through CASS