SHRI PRAKASH JIWANDAS WANJARI,NAGPUR vs. JOINT COMMISSIONER OF INCOME TAX, NAGPUR
In the result, we are of the considered view that the case on hand does not warrant levy of penalty under Section 271D of the Act
ITA 232/NAG/2022[2011-12]Status: DisposedITAT Nagpur25 Oct 2024AY 2011-12
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Mahavir AtalFor Respondent: Shri Abhay Y. Marathe
Section 143(3)Section 147Section 148Section 269SSection 271DSection 273ASection 80C
2
Prakash Jiwandas Wanjari
ITA no.232/Nag./2022
3. The Ld. Commissioner and Ld. A.O. both have disregarded the provisions of section 273A of the Act where it mentioned that no penalty shall be levied under section 271D where the assessee proves a reasonable cause for undertaking transactions in violation of provisions of section 269SS.
4. The appellant
