2025 (2) TMI 1723

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt : Shri Khubchand T. Pandya, Sr. DR ORDER PER: RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER: 1. This appeal by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi (NFAC)/learned Commissioner of Income Tax (Appeals), [in short, the ld. CIT(A)] dated 14/03/2023 for the Assessment Year (AY) 2015-16 as per the grounds of appeal on record. 2. Brief facts of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....6,38,000/- and also initiated penalty under Section 271(1)(c) of the Act for furnishing inaccurate particulars of income. 3. During the penalty proceedings, after giving adequate opportunity of being heard to the assessee, the Assessing Officer imposed penalty under Section 271(1)(c) of the Act of Rs. 54,194/- being 100% of tax sought to be evaded. 4. Aggrieved by the order of Assessing Offi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y imposed under Section 271(1)(c) of the Act for filing inaccurate particulars of income as under the penalty proceedings under Section 271(1)(c) of the Act it was the responsibility of Assessing Officer to bring out evidence on record to justify the imposition of penalty but in the present case that has not been done. The imposition of penalty under Section 271(1)(c) of the Act is not automatic, ....