2024 (4) TMI 1248

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....  This Revenue's appeal for assessment year 2017- 2018, arise against the National Faceless Appeal Centre [in short the "NFAC"] Delhi's Din and Order No. ITBA/NFAC/S/250/2023-24/1058210210(1), dated 24.11.2023, involving proceedings u/s.270 of the Income Tax Act, 1961 (in short "the Act"). Case called twice. None appears at assessee's behest. He is accordingly proceeded ex-parte. 2. The ass....

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....pugned penalty for the precise reason that although the legislature has stipulated specific clauses (a) and (f) to sub-sec.(9); to be read with sub-sec.(8) of sec.270A; learned lower authorities have no where pinpointed as to which limb the assessee had committed it's default attracting "under-reporting" as a consequence of "mis-reporting". That being the case, not only hon'ble jurisdictional high....