2025 (10) TMI 1332

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.... ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to A.Y. 2015-16 is against the order dated 11.04.2025 of CIT(A)/NFAC, passed u/s.250 of the Income-tax Act, 1961 (in short 'the Act') arising out of Penalty Order dated 15.09.2023 passed u/s.271(1)(b) of the Act. 2. The only issued raised in the instant appeal is whether the ld.....

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....1) of the Act issued by ld. AO, the penalty u/s.271(1)(b) of the Act @ Rs.10,000/- for each non-compliance has been imposed totalling to Rs.40,000/-. From perusal of the assessment order, we find that during the course of assessment proceedings on the initial occasion assessee did not submit the details but subsequently furnished part of the information vide reply dated 09.02.2023. It has also bee....