2024 (8) TMI 166

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.... For the Revenue : Shri Ashish Porwal, Sr. DR ORDER PER B.M. BIYANI, AM: Feeling aggrieved by appeal-order dated 30.01.2023 passed by learned CIT(A), NFAC, Delhi ["CIT(A)"] which in turn arises out of penalty-order dated 18.09.2015 passed by learned ITO-2(4), Bhopal ["AO"] u/s 271(1)(c) of Income-tax Act, 1961 ["the Act"] for assessment-year ["AY"] 2007-08, the assessee has filed this ....

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....intention or ulterior motive of assessee in making delay and the assessee does not stand to derive any benefit because of delay. He further submitted that the sole reason of delay is the unfortunate situation of accident of assessee. He prayed to condone delay considering the circumstance. Ld. DR for Revenue was fair enough in considering the position of assessee and did not raise any objection. W....

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....ay, admit appeal and proceed with hearing. 4. Then, Ld. AR briefly submitted the background facts of the case. He submitted that the assessment of relevant AY 2007-08 under consideration was completed by AO vide assessment-order dated 30.03.2015 u/s 147/143(3) after making additions of Rs. 53,70,042/-. Thereafter, the AO passed penalty-order u/s 271(1)(c) on 18.09.2015 imposing a penalty of Rs.....