2025 (7) TMI 27

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....A For the Respondent : Smt. Leena Lal, Sr.AR ORDER PER PRAKASH CHAND YADAV, JM : The present appeal of the assessee is arising from the order of the National Faceless Appeal Centre / learned Commissioner of Income-tax (Appeals) ["CIT(A)" for short] dated 26.11.2024, having DIN & Order No.ITBA/NFAC/S/250/2024- 25/1070655447(1) and relates to the assessment year 2018- 2019. 2. The sol....

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....n appeal before us and reiterated the submissions made before the authorities below. 4. The learned DR relied upon the orders of the authorities below. 5. After considering the rival submissions, we are of the view that this is a case where audit report has been submitted before the completion of assessment and hence in our view the penalty cannot be levied in such cases. The second aspect o....