2025 (3) TMI 716

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....Ashish Tripathi, Sr.DR ORDER PER AVDHESH KUMAR MISHRA, AM The appeal for the Assessment Year (hereinafter, the 'AY') 2016-17, filed by the assessee is directed against the order dated 19.07.2021 passed by the Commissioner of Income Tax (Appeals), NFAC, Delhi [hereinafter, the 'CIT(A)']. 2. The sole issue in dispute before us is in respect of levy of penalty of Rs. 10,000/- under sectio....

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....he Sr. DR and have perused the material available on the record. It is evident from the record that the assessee, an Engineering Consultant, filed his Income Tax Return (hereinafter, the 'ITR') on 17.10.2016 declaring income of Rs. 2,98,79,750/-. The case was picked up for scrutiny. Consequentially, the assessment was completed at income of Rs. 3,40,73,552/-. During the course of assessment procee....

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...., which resulted completion of the assessment under section 143(3) of the Act. 6. The Hon'ble Supreme Court, in the case of Hindustan steel Ltd. 83 ITR 26 has held that an order-imposing penalty for failure to carry out a statutory obligation is the result of a quasi-criminal proceedings and penalty will not ordinarily be imposed unless the party obliged either acted deliberately in defiance of....