SANGEETA GOLCHHA, RAIPUR,RAIPUR vs. ITO-4(1), RAIPUR, RAIPUR
In the result, appeal of the assessee is allowed
ITA 788/RPR/2025[2014-15]Status: DisposedITAT Raipur17 Feb 2026AY 2014-15
Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita No.788/Rpr/2025 "नधा"रण वष" /Assessment Year : 2014-15 Sangeeta Golchha 9/532, Behind Mahavir Bhawan, Budhapara, Raipur-492 001 (C.G.) Pan: Adcpg6259Q
For Appellant: Shri R.B Doshi, CAFor Respondent: Dr. Priyanka Patel, Sr. DR
Section 10(38)Section 271(1)(c)
penny stocks used for accommodation entries. Subsequently, the assessee had surrendered the LTCG of Rs.17,37,600/- voluntarily, offered for tax and paid taxes thereon. This aspect is brought out in the penalty order itself which is acknowledged by the A.O. The relevant para is extracted as follows:
“The Assessing Officer has considered the entire facts and assessed the income