2025 (2) TMI 1893

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....n, Addl. CIT ORDER PER JAGADISH, A.M : Aforesaid appeal filed by the assessee for Assessment Year (AY) 2017-18 arises out of the order of Learned Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi [hereinafter "CIT(A)"] dated 01.02.2024 in the matter of assessment framed by Ld. Assessing Officer [AO] u/s. 147 r.w.s 144 r.w.s 144B of the Income-tax Act, 1961 (hereina....

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...., fixing the date on 03.02.2025. As no one is appearing from assessee side, the case is being decided on its merits with the able assistance of the Ld. Departmental Representative (DR), Shri Murugesan, Addl. CIT. 4. The only effective ground of appeal in this appeal of assessee is against the order of Ld. CIT(A) in confirming the penalty levied by the A.O u/s. 271B of the Act for not filing the....

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.... of the Act. The assessee has provided the reason for not filing the audit report, stating that he is a small-scale dealer, did not have permanent staff for accounting, and the part-time accountant quit without informing the assessee. However, the A.O. did not accept this as a reasonable cause. Aggrieved, the assessee has filed an appeal before the Ld. CIT(A). The Ld. CIT(A) after going through th....