2025 (2) TMI 1806

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....sented : None For the Department Represented : Shri D. Hema Bhupal, Sr.AR ORDER PER SHRI S BALAKRISHNAN, ACCOUNTANT MEMBER: 1. This appeal is filed by the assessee against the order of Learned Commissioner of Income Tax (Appeals), National Faceless Appeal centre, Delhi [hereinafter in short "Ld.CIT(A)"] vide DIN & Order No. ITBA/NFAC/S/250/2023-24/1054723124(1) dated 31.07.2023 for the....

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....,44,623/- and hence 200% of the tax payable is levied as penalty which is amounting to Rs. 79,66,508/-. 3. Aggrieved by the order of the Ld. AO, assessee filed an appeal before the Ld. CIT(A). Before Ld. CIT(A), assessee contested that the assessee has paid the demand along with interest as specified in the demand notice and has also not filed any appeal against the above order. Therefore, he p....

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....t, which is human in nature. 3. The Ld. CIT(A) erred in ignoring the facts that the entire transactions were routed through banking channels and the TDS deducted on the sale consideration was duly reported in Form 26QB and is also being reflected in Form 26AS and also when the Appellant was informed by the AO with the additions, the Appellant has duly agreed to the additions and remitted ....

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.... assessee has claimed the interest of Rs. 82,52,623/- which was paid towards the Home Loan from ICICI Bank as loans from business while filing return of income. The claim of the assessee is his Accountant who file the return of income has wrongly declared these amounts and has also failed to include the sale of property even though it was available in the Form 26QB and reflected in Form 26AS. The ....