2025 (6) TMI 1200

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..... CIT ORDER PER AMIT SHUKLA (J.M): The aforesaid appeal has been filed by the assessee against order dated 28/11/2023 passed by NFAC, Delhi in relation to the penalty proceedings u/s. 271(1)(c) for the A.Y.2013-14. 2. The assessee is merely aggrieved by levy of penalty of Rs. 58,98,604/- made on account of addition of short term capital gain from sale of agricultural land. 3. At the....

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....ware of any exparte order and also due to medical conditions assessee was not aware of any such notice, the appeal could not be filed within the time. 4. Another important fact is that once quantum appeal is pending before the ld. CIT(A) then there was no reason to decide the penalty order u/s.271(1)(c). Accordingly, delay of 300 days is condoned. 5. From the perusal of the appellate order, ....