Appeal filed against the confirmation of levy of penalty under section 271(1)(c) of the Income Tax Act, 1961

Last updated: 12 June 2021
Quick Summary
This appeal concerns a penalty levied under section 271(1)(c) of the Income Tax Act, 1961, for the assessment year 2009-10. The Assessing Officer (AO) added Rs. 14 lakhs to the assessee's income due to unexplained cash deposits. The assessee claimed these were repayments of a loan, but the AO was not satisfied, leading to the penalty. The CIT(A) confirmed this penalty, and the assessee has now appealed to the Income Tax Appellate Tribunal.

Court :
ITAT Ahmedabad

Brief :
The present appeal is directed at the instance of the assessee against confirmation of levy of penalty under section 271(1)(c) of the Income Tax Act, 1961 by the ld.CIT(A) vide order dated 4.9.2018 for the Asstt.year 2009-10.

Citation :
ITA No.2188/Ahd/2018

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1999
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3499
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