Bundelkhand University, Financial Officer, New Building, Near Medical College, Jhansi, Uttar Pradesh-284128 Vs. Assessment Unit/DCIT (Exemption), Income Tax Department CGO, Complex-II, Purani Hapur Chungi Ghaziabad, Uttar Pradesh-201001

Parties Involved

Facts Summary

The appeal in ITA No.310/AGR/2025 for AY 2018-19 arises from the National Faceless Appeal Centre, Delhi against the order of assessment passed by the Assessment Unit under section 147 r.w.s. 144/144B of the Income-tax Act, 1961. The Assessee University was formed through the Uttar Pradesh State University Act, 1973 and is governed by the Bundelkhand University First Statutes, 1977. The University is solely for educational purposes and receives grants from the Government of Uttar Pradesh. The Assessee had not filed its return of income for assessment year 18-19 under section 139(1) of the Act, leading to the framing of the assessment as an Association of Persons (AOP). Despite the Assessee furnishing all relevant details before the completion of assessment proceedings, a penalty was levied under section 272 A(1)(d) of the Act for initial failure to provide the requisite details.…

Legal Issues

• 1. Whether the Learned NFAC was justified in confirming the levy of penalty under section 272A(1)(d) of the Act in the facts and circumstances of the instant case.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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