2026 (5) TMI 1463

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....e captioned appeal at the instance of assessee pertaining to A.Y. 2015-16 is directed against the order dated 29.11.2025 framed by National Faceless Appeal Centre, Delhi arising out of Penalty Order dated 27.09.2024 passed u/s. 271(1)(c) of the Income Tax Act, 1961 (in short 'the Act'). 2. Assessee has raised various legal issues challenging the levy of penalty at Rs. 1,43,166/- u/s. 271(1)(c) ....

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....d.CIT(A) as well as submissions filed before this Tribunal, I observe that the assessee is engaged in the business of outdoor catering services and income has been offered under the presumptive taxation scheme u/s. 44AD of the Act on the gross receipts at Rs. 18.74 lakhs. It has been consistently contended that against the gross receipts, assessee had to incur various expenses of which some were m....