JOKHIRAM DURGADUTT,RANCHI vs. DCIT, CIRCLE-1, RANCHI
In the result, this appeal of the assessee is allowed
ITA 400/RAN/2024[2016-17]Status: DisposedITAT Ranchi07 Jul 2025AY 2016-17
Bench: Shri George Mathan & Shri Ratnesh Nandan Sahayjokhiram Durgadutt, D.C.I.T., 9, J.D. Corporate, Behind J.D. High Circle-1, Vs. Street, Main Road, Ranchi-834001 Ranchi. (Jharkhand) Pan No. Aabfj 2200 Q Appellant/ Assessee Respondent/ Revenue
Section 143(3)Section 271(1)Section 271(1)(c)
68,36,208/-is disallowed and added to its total income since the said aggregate amount is actually a business receipt. Also, penalty proceedings under Section 271(1)(c) of the IT Act is separately initiated for furnishing of inaccurate particulars of income and finally imposed a penalty of Rs. 21,12,388/- under Section
