2025 (9) TMI 1233

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..... ORDER PER: INTURI RAMA RAO, AM This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi [CIT(A)] dated 04.03.2024 for Assessment Year (AY) 2016-17. 2. Brief facts of the case are that the assessee is a company duly incorporated under the provisions of section 8 of the Companies Act, 2013. It is duly granted registration under the provisi....

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....of Rs. 1,50,000/- u/s. 271B of the Act. 3. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order confirmed the levy of penalty for non prosecution without adverting to the statements of facts of the case. 4. Being aggrieved, the assessee is in appeal before the Tribunal in the present appeal. 5. The learned counsel for the assessee submits that the provisions of se....