Income Tax Officer, Aaykar Bhawan, Sector-14, Hisar, Haryana-125001 vs Rajeev Kumar Mittal, H. No. 95, HBC, Ward no. 3, Sirsa Road, Hisar, Haryana-125001.

Parties Involved

Facts Summary

This appeal by the Revenue is directed against the order of the National Faceless Appeal Centre (NFAC), New Delhi, dated 10.06.2025, arising out of the Penalty order dated 14.08.2023 passed under Section 271AAC(1) of the Income Tax Act, 1961, pertaining to A.Y. 2018. The assessment was completed under sections 147, 144, and 144B on 28.02.2023, with an addition of Rs. 8,75,15,910/-. The Ld. CIT(A) deleted Rs. 8,72,89,905/- with a tax effect of Rs. 6,74,31,452/-. The appeal involves a tax effect of Rs. 52,37,394/- due to the deletion of penalty under section 271AAC1.…

Legal Issues

• 1. Whether the appeal filed by the Revenue is maintainable given the tax effect is below Rs. 60,00,000/-.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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