In the result, appeals of the assessee are allowed for statistical purpose
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.231/Viz/2023 & 232/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2011-12) Sannidhi Venkateswara Rao Vs. Joint.Commissioner Of 31-31-15/1, 1St Floor Income Tax Ramya Pharmaceuticals Range-1 Sai Baba Street Visakhapatnam Dabagardens, Visakhapatnam [Pan : Aachr1320Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
disallowance of Rs.1,50,000/- on account of expenditure which was supported by self-made cash vouchers. Thereafter, the AO had sent a proposal for initiation of penalty u/s 271D of the Act to the office of Joint Commissioner of Income Tax, Range-1, Visakhapatnam, accordingly, penalty proceedings u/s 271D of the Act were initiated by issue of notice dated