, , आयकर अपीलीय अिधकरण इंदौर (cid:586)ायपीठ इंदौर IN THE INCOME TAX APPELLATE TRIBUNAL INDORE BENCH, INDORE BEFORE SHRI B.M. BIYANI, ACCOUNTANT MEMBER AND SHRI DINESH MOHAN SINHA, JUDICIAL MEMBER ITA No. 709/Ind/2024 (AY: 2015-16) ITA No. 710/Ind/2024 (AY: 2015-16)

M/s Goutam Medicose, बनाम/ ITO, 140, MG Road, Dhar Vs.

Dhar (PAN: AAGFG0285R)

(Assessee/Appellant) (Revenue/Respondent)

Assessee by Shri Arvind Sanghvi, CA & AR Revenue by Shri Ashish Porwal, Sr.DR Date of Hearing 10.02.2025 Date of Pronouncement 21.02.2025 आदेश / O R D E R Per Bench:

The captioned two appeals are filed by assessee. The details of appeals are as under:

(i) I.T.A. No. 709/ Ind/ 2024 is a quantum-appeal directed against order of first appeal dated 02.08.2024 passed by Commissioner of Income- tax (Appeals)-NFAC, Delhi [“CIT(A)”] which in turn arises out of assessment-order dated 13.03.2023 passed by Assessment Unit of Income-tax Department [“AO”] u/s 147 r.w.s. 144 and 144B of the Income-tax Act, 1961 [“Act”] for Assessment-Year [“AY”] 2015-16.

(ii) I.T.A. No. 710/ Ind/ 2024 is a penalty-appeal directed against order of first appeal dated 02.08.2024 passed by same CIT(A) which in turn arises out of penalty-order d