2023 (3) TMI 1364

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....tant Member:  The present appeal has been filed by the assessee against the order of the ld CIT(A)-3 , National Faceless Appeal Centre (NFAC), Delhi dated 29.03 .2022. 2. The assessee has raised the following grounds o f appeal: "1. The appellate order framed is not justified in the eyes o f law. 2. The learned CIT (Appeal) failed to appreciate the facts placed on the record during th....

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....4 .3 Cr. in the bank account and the sales turnover of Rs.4.01 lacs in the ITR the revenue levied penalty u/s 271B considering the deposits o f Rs.4 .3 Cr. as turnover of the assessee . 4. Having gone through the entire material on record, we find that the assessee is a commission agent of Gujarat Milk Cooperative Federation having milk booth at Darya Ganj, Delhi and earning a commission margin @....