2024 (8) TMI 1295

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....rti, JCIT, Sr. D.R. ORDER PER RAJPAL YADAV, VICE-PRESIDENT (KZ):- The present appeal is directed at the instance of assessee against the order of ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 27th January, 2024 passed for Assessment Year 2012-13. 2. The solitary grievance of the assessee is that ld. CIT(Appeals) has erred in confirming the penalt....

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....1(1)(c) of the Income Tax Act, on the addition of Rs. 6,46,955/-, alleged commission income. He imposed a penalty of Rs. 1,99,911/-, which is equivalent to 100% of tax sought to be evaded by the assessee. 4. Appeal to the ld. CIT(Appeals) did not bring any relief to the assessee. 5. With the assistance of ld. Representatives, we have gone through the record carefully. Though earning of alleged c....