।आयकर अपीलीय अिधकरण ”बी” (cid:586)ायपीठ पुणेम(cid:336)।

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “B” :: PUNE BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR.DIPAK P. RIPOTE, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.181/PUN/2024 िनधार(cid:6981) ण वष (cid:6981) / Assessment Year: 2015-16

P Vijay Bhagchand Bafna, Plot No.39, shri Krishna Colony, Shirpur, Dist: Dhule- 425405. Maharashtra. AN: AAMPB2217J	V s	The DCIT, Circle-Dhule, Dhule
Appellant / Assessee		Respondent / Revenue

आदेश/ ORDER PER DR. DIPAK P. RIPOTE, AM:

This is an appeal filed by the assessee i.e. Vijay Bhagchand Bafana against the order of ld.Commissioner of Income Tax(Appeals), [NFAC] u/sec.250 of the Income Tax Act, dated 30.11.2023 for A.Y.2015-16 emanating from the penalty order u/sec.271(1)(c) of the Act, dated 25.03.2019.

Findings & Analysis :

2. We have heard both the parties and perused the records. For the A.Y.2015-16 assessee has filed Return of Income electronically on 29.04.2016 declaring total income of Rs.23,93,238/-. The Assessing Officer(AO) received information that assessee had purchased agricultural land at Survey No.4/1A, Shirpur for Rs.36,00,000/- along with three other

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