DR. SANJIV KESHAV KARANDE,,PUNE vs. INCOME-TAX OFFICER, WARD - 11(1),, PUNE
In the result, the appeal of the assessee is dismissed
ITA 1540/PUN/2017[2013-14]Status: DisposedITAT Pune06 Feb 2020AY 2013-14
Bench: Shri D. Karunakara Rao, Am & Shri Laliet Kumar, Jm आयकर अपील सं. / Ita No.1540/Pun/2017 िनधा"रण वष" / Assessment Year : 2013-14 Dr. Sanjiv Keshav Karande, H. No.158, Samata Nagar, Deepmala, A/P Daund, Dist. Pune-413801. .......अपीलाथ" / Appellant Pan : Asrpk5180G बनाम / V/S. Ito, Ward-11(1), ……""यथ" / Respondent Pune. Assessee By : Shri M. R. Bhagwat Revenue By : Shri Sanghamitra Khobragaae सुनवाई क" तारीख / Date Of Hearing : 04.02.2020 घोषणा क" तारीख / Date Of Pronouncement : 06.02.2020 आदेश / Order Per D. Karunakara Rao, Am: This Appeal Filed By The Assessee Is Against The Order Of The Cit(A)-1, Pune Dated 27.03.2017 For The Assessment Year 2013-14. The Jt.Cit Levied The Penalty U/S 271D Of The Act. The Cit(A) Confirmed The Same. 2. Before Us, At The Outset, Ld. Counsel For The Assessee Submitted That This Is A Case Where The Penalty Order Dated 29.11.2016 Is Time Barred. Referring To The Provisions Of Clause (C) Of Section 275(1) Of The Act, Ld. Counsel For The Assessee Submitted That The Penalty Order Passed On 29.11.2016 Is A Time Barred One. Otherwise, On Merits Of Levy Of Penalty, Ld.
For Appellant: Shri M. R. BhagwatFor Respondent: Shri Sanghamitra Khobragaae
Section 269SSection 271BSection 271DSection 273BSection 275(1)Section 44A
271B of the Act. Eventually, the Assessing Officer held that it is fit case for levy of penalty u/s 271D of the Act. The contents of para 13 and 14 of the penalty order are relevant and the same are extracted hereunder :-
“13. It is also to be noted that not only loans in cash but also those received through
