MUNIR M. KHAN,MUMBAI vs. DCIT- CC -7(1), MUMBAI
In the result, appeal filed by the assesee is allowed and appeal filed by the revenue is dismissed
ITA 7138/MUM/2018[2009-10]Status: DisposedITAT Mumbai10 Feb 2020AY 2009-10
Bench: Shri Saktijit Dey & Shri G. Manjunathamunir Khan Vs. Dcit, Central Circle-7(1) 654, 6Th Floor 1404, ‘A’ Wing Raj Classic Bldg Aaykar Bhawan Off. Yari Road, Versova M.K.Road Andheri(W) Mumbai-400 020 Mumbai-400 061 Pan/Gir No.Asgpk3313A (Appellant) .. (Respondent) & Dcit, Central Circle-7(1) Vs. Munir Khan 654, 6Th Floor 1404, ‘A’ Wing Aaykar Bhawan Raj Classic Bldg M.K.Road Off. Yari Road, Versova Mumbai-400 020 Andheri(W) Mumbai-400 061 Pan/Gir No.Asgpk3313A (Appellant) .. (Respondent)
Section 132Section 132(4)Section 143(3)Section 260Section 271Section 271(1)(c)Section 271ASection 274
unexplained expenditure incurred by the assessee for household and ceremonial expenses. Therefore, the rigors of penalty provisions of section 271(1)(c) of the I.T.Act, 1961, cannot be invoked.
7. The Ld.CIT(A), after considering relevant submission of the assessee and also, taken note of the provisions of section 271(1)(c) and 271AAA of the Act, rejected legal arguments
