BHAVIKA GUNWANT PATEL,NAGPUR vs. INCOME TAX OFFICER, WARD 4(3), NAGPUR
In the result, appeal filed by the assessee are allowed
ITA 366/NAG/2023[2012-13]Status: DisposedITAT Nagpur14 May 2024AY 2012-13
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Rajesh LoyaFor Respondent: Shri Abhay R. Marathe
Section 10(38)Section 143(3)Section 271(1)(c)Section 69C
69C of the Act. Subsequently, the Assessing Officer initiated penalty proceedings under section 271(1)(c) of the Act.
4. Before the Assessing Officer, during the penalty proceedings, the assessee submitted that the addition was made on estimate basis and, therefore, no penalty can be levied. However, the Assessing Officer levied the penalty of ` 33,255, under section 271
