2025 (6) TMI 962

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....e Assessee : Mrs. Dimple Warlyani, CA And Shri Bikram Jain, CA For The Revenue : Dr. Priyanka Patel, Sr. DR ORDER PER PARTHA SARATHI CHAUDHURY, JM: This appeal preferred by the assessee emanates from the order of the Ld. CIT(Appeals)/NFAC, Delhi dated 25.01.2025 for the assessment year 2014-15 as per the grounds of appeal on record. 2. At the very outset, it is noted that the Ld. CI....

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....d by any cogent tenable evidence and are mere assertions. 3. That in so far the facts of the case are concerned, the penalty has been levied as per order u/s.272A(2)(e) of the Income Tax Act, 1961 (for short 'the Act') vide order dated 16.03.2022 for the reason that the assessee was found in default for not filing return of income on or before the due date as required u/s.139(4C) of the Act. Al....

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....nd thereby, has not conducted any further inquiry while arriving at its decision. Taking guidance from the judgment of the Hon'ble Supreme Court in the cases of Vidya Shankar Jaiswal Vs. ITO, Ward-2, Ambikapur, Civil Appeal Nos................./2025 [Special Leave Petition (Civil) Nos. 26310-26311/2024, dated 31.01.2025 and Inder Singh Vs. the State of Madhya Pradesh, Civil Appeal No............/2....