2025 (2) TMI 1927

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....ssee is directed against the order of the National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 18.07.2024 for Assessment Year (AY) 2011-12. 2. Brief facts of the case are that the appellant is an individual engaged in the business of executing civil contracts. No regular return of income u/s. 139(1) of the Income Tax Act, 1961 (the Act) for AY 2011- 12 was filed by the assessee. The Inc....

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....made addition on account of short term capital gain on sale of property at Rs. 32,42,980/-. On the above addition the AO initiated penalty proceedings u/s. 271(1)(c) of the Act. This assessment order was passed u/s. 144 r.w.s. 264 on 29.11.2019 at a total income of Rs. 38,32,110/-. 3. The appellant, in response to the show cause notice u/s. 271(1)(c) of the Act, could not file original return o....

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....hat the delay occurred on account of factors and reasons, which are beyond the control of the assessee and, therefore, prayed for condonation of the delay. In the absence of any evidence to the contrary, to disbelieve the averments made in the affidavit, I am of the considered opinion that it is a fit case to condone the delay of 51 days. Accordingly we condone the delay in filing the appeal and a....