Tax Penalty Deleted Due to Consultant Fraud & Voluntary Payment: ITAT Backs Unaware Assessee

Yogesh Shivaji Shinde Vs ITO (ITAT Pune) Assessee , a salaried employee filed return of income for the assessment year 2016-17 declaring taxable income of Rs.5,39,190/- after claiming various deductions of Rs.1,78,378/- under Chapter VI-A. AO, on the basis of information received from the ITO (Inv), Nashik, that the assessee has claimed excess deductions, initiated proceeding u/s 147 after obtaining approval from the authorities & accordingly, a notice u/s 148 was issued. Assessee furnished return of income in response to notice u/s 148 , declaring taxable income of Rs.6,53,600/- after c...