2025 (8) TMI 829

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....d For the Respondent : Shri Swapnil Choudhary - Sr AR ORDER PER ANIKESH BANERJEE (JM): Instant appeal of the assessee was filed against the order of the National Faceless Appeal Centre (NFAC), Delhi [in short, 'Ld.CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, 'the Act'), date of order 14/03/2025. The impugned order was emanated from the order of the Ld. Joint ....

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....curate particulars of income" and by invoking provisions of section 271(1)(c) of the Act, penalty of Rs. 1,61,315/- being 100% of the tax sought to be evaded was levied. On appeal, the Ld.CIT(A) upheld the impugned penalty order. Being aggrieved, assessee filed an appeal before us. 3. We heard the rival submissions and considered the documents available on the record. The Ld.AR, in argument, st....

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....ur considered view, the assessee was a non-filer and filed the return of income only in response to the notice issued under Section 148 of the Act. It is evident that the assessee underreported income to the extent of Rs. 4,37,187/-. This clearly falls within the ambit of "furnishing of inaccurate particulars of income." Furthermore, in response to the notice under Section 148, the assessee failed....