2023 (12) TMI 582

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....the Respondent : Shri D. Hema Bhupal, JCIT ORDER PER V. DURGA RAO, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre [NFAC], Delhi, dated 01.03.2023 relevant to the assessment year 2018-19 passed under section 270A of the Income Tax Act, 1961 ["Act" in short]. 2. Fact are, in....

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.... Ltd. and insurance premium receipt in respect of claim of deduction under section 80C of the Act. On verification of ITR-1 filed by the assessee as well as Form 16A of Aitken Spence Hotel Management Pvt. Ltd., the Assessing Officer found that the assessee had received income of Rs..2,60,000/- from Aitken Spence Hotel Management Pvt. Ltd. and interest income of Rs..12,769/- from HDFC from which TD....

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....ng 200% of tax payable. On appeal, the ld. CIT(A) confirmed the penalty levied under section 270A of the Act. 5. On being aggrieved, the assessee is in appeal before the Tribunal. The ld. Counsel for the assessee has submitted that against the notice issued under section 270A of the Act, the assessee furnished the reply. However, in the penalty order, the Assessing Officer has not at all discus....

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....he taxes. Further, against the show-cause notice issued under section 270A of the Act, the assessee has furnished the reply, which was considered by the Assessing Officer, but was not accepted. 8. On perusal of the penalty order, we find that the Assessing Officer has not recorded what the reply was furnished by the assessee against the show-cause notice issued under section 270A of the Act and....