ASSISTANT COMMISSIONER OF INCOME TAX, JALGOAN vs. SUNIL RAMNARAYAN MANTRI, JALGAON
In the result, the appeal of the Revenue is dismissed
ITA 269/PUN/2024[2016-17]Status: DisposedITAT Pune29 Nov 2024AY 2016-17
Bench: Shri R.K. Panda & Ms. Astha Chandra
For Appellant: Shri Sanket M. JoshiFor Respondent: Shri Arvind Desai
Section 143(3)Section 269TSection 271ESection 275(1)(c)
section 271E of IT Act 1961. 2. It is submitted that monetary limit of CBDT Circulars no. 17/2019 will not apply as penalty has been levied on observation of Audit Objection, which falls under exception 10(c) as laid down by the Board in Circular No.
3/2018 dated 11.07.2018 as amended by Board's letter dated 20.08.2019. 3. The appellant