2025 (4) TMI 2033

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....the ORDER PER ASTHA CHANDRA, JM : This appeal at the instance of assessee is directed against the order of the Ld. CIT(A)/National Faceless Appeal Centre, Delhi dated 12.08.2024 which is arising out the order u/s. 143(3) r.w.s. 147 of the Act for Assessment Year 2012-13 framed by ITO, Ward-1(3), Aurangabad. 2. The only issue for our consideration is regarding levy of penalty of Rs. 1,6....

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....n the quantum appeal. Thus, taking into the consideration of the arguments made by the Ld. Counsel for the assessee in the penalty proceedings and appellate proceedings before us and also taking note of the submissions made by the Ld. Departmental Representative, we are inclined to hold that out of the alleged penalty of Rs. 1,68,901/-, the penalty of Rs. 1,58,722/- deserves to be deleted in light....