2025 (7) TMI 655

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.... For the Revenue : Shri Sahil Kumar Bansal, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No.5888/Del/2024 for AY 2015-16, arises out of the order of the National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as "ld. NFAC", in short] in Appeal No. ITBA/NFAC/S/250/2024-25/1070746586(1) dated 29.11.2024 against the order of assessment passed u/s 147 r.s.w. 14....

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....iled any return of income for AY 2015-16. Information has been received in accordance with Risk Management Strategy formulated by CBDT, on Insight Portal maintained by the Income Tax Department under the head Non-filers Monitoring System (NMS) that income of the assessee is more than Rs 15 lakhs but had no income tax return had been filed. The case of the assessee was sought to be reopened vide is....

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....re the ld NFAC. Accordingly, the ld NFAC dismissed the appeal as not maintainable. 5. The assessee always pleaded that the sale of land for Rs. 62 lakhs is not taxable as capital gains tax as it was agricultural land. The assessee further pleaded that she had no taxable income which warranted her to file any income tax return or comply with advance tax provisions. In this circumstance, the asse....