2025 (10) TMI 195

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.... Lal, Sr. D.R. 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 24.04.2024 for Assessment Year (AY) 2017-18. 2. The only issue raised by the assessee is that the learned CIT(A) erred in confirming the penalty levied by the Income Tax Officer, Ward- 2, Thiruvalla (hereafter "the AO....

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....ieties Act. Thus, it was pleaded by the learned counsel for the assessee that there was sufficient cause for the delay in getting the account audited and consequently furnishing the audit report belatedly. As such the learned A.R. prayed for wavier of the penalty under the provisions of section 273B of the Act. 7. On the other hand, the learned Sr. DR vehemently supported the orders of the auth....