2025 (4) TMI 1619

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....e Revenue : Shri Rignesh Das, Sr. D.R. ORDER PER SANJAY GARG, JUDICIAL MEMBER: The present appeal has been filed by the Assessee against the order passed by the National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as "CIT(A)'] dated 09.07.2024 arising from the assessment order passed u/s. 147 of the Income Tax Act, 1961 (here-in-after referred to as "the Act") relevant t....

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....initiating the proceedings for levy of penalty u/s. 270A of the Act when no such penalty is leviable. The proceedings initiated by the Ld. AO should be dropped as it is wrongly initiated. The appellant craves leave to add, amend, alter, edit, delete, modify or change all or any grounds of appeal at the time of or before the hearing of the appeal." 3. A perusal of the above reproduced g....

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....ction u/s. 80P of the Income Tax Act. However, he upheld the action of the Assessing Officer in making disallowance for provision for prize money and bad debts. The assessee thus has come in appeal before us agitating the action of the CIT(A) in confirming the disallowance in respect of the aforesaid prize money as well as provision for bad debts. 4. A perusal of the impugned order of the CIT(A....