AJINKYA DILIP KOTEPATIL,,NASHIK vs. INCOME TAX OFFICER, WARD -1(3),, NASHIK
In the result, the appeal of the assessee is allowed
ITA 1877/PUN/2017[2013-14]Status: DisposedITAT Pune12 Feb 2020AY 2013-14
Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita No.1877/Pun/2017 िनधा"रण वष" / Assessment Year : 2013-14 Ajinkya Dilip Kotepatil, C/O. S.B. Boob & Associates, F-1, Sumangal Plaza, Hdfc Cross Road, Canada Corner, Nashik-422005. .......अपीलाथ" / Appellant Pan : Cqxpk0159D बनाम / V/S. Ito, Ward-1(3), ……""यथ" / Respondent Nashik. Assessee By : None Revenue By : Shri Alok Malviya सुनवाई क" तारीख / Date Of Hearing : 11.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 12.02.2020 आदेश / Order Per D. Karunakara Rao, Am: This Appeal Filed By The Assessee Is Against The Order Of The Cit(A)-1, Nashik Dated 13.06.2017 For The Assessment Year 2013-14. 2. The Grounds Raised By The Assessee Are As Under :- “1. The Assessee Had Voluntarily Surrendered The Income During The Course Of Assessment Proceeding & Paid Almost Taxes Accordingly. However, The Ao & Appellate Commissioner Erred & Levied & Confirmed The Penalty. 2. This Was The First Time When The Assessee Was Scrutinized & He Is A Student After All. However, He Had Declared Additional Income & Paid The Taxes & Showed His Bonafide Intention.
For Appellant: NoneFor Respondent: Shri Alok Malviya
Section 143(3)Section 271(1)Section 271(1)(c)Section 54Section 54BSection 54F
54B, 54C, 54D, 54G and 54GA of the Act. At the end of the assessment u/s 143(3) of the Act, the Assessing
Officer assessed the total income of the assessee at Rs.60,42,935/- after making certain additions on account of different heads. Further, the Assessing Officer initiated the penalty proceeding stating that “Hence penalty proceeding u/s 271