2025 (10) TMI 199

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....irected against the order of the National Faceless Appeal Centre, Delhi [CIT(A)] dated 29.12.2023 for Assessment Year (AY) 2016-17. 2. Brief facts of the case are that the appellant is a partnership firm engaged in the business of jewellery. The return of income for AY 2016-17 was filed on 26.01.2017 disclosing total income of Rs. 5,00,140/-. Against the said return of income, the assessment wa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ate forum. The appellant responded to the show cause notice issued u/s. 274 r.w.s. 271(1)(c) of the Act. The appellant filed detailed explanation stating that the appellant cooperated with the Department in the assessment proceedings and has not furnished inaccurate particulars of income. However, the AO proceeded with levy of penalty of Rs. 12,58,100/- vie order dated 26.06.2019. 3. Being aggr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he assessee despite due service of notice of hearing. Therefore, we proceeded to dispose of the appeal after hearing the learned Sr. DR. 6. The solitary issue arises in the present appeal is whether the CIT(A) is justified in confirming the action of the AO in levying penalty u/s. 271(1)(c) of the Act. A mere perusal of the CIT(A)'s order, it would clearly show that there is no independent appl....