ITA No. 1366/Del/2024

Parties Involved

Facts Summary

The appeal in ITA No.1366/Del/2024 for AY 2016-17, arises out of the order of the National Faceless Appeal Centre (NFAC), Delhi dated 20.03.2024 against the order of assessment passed u/s 271(1)(b) of the Income-tax Act, 1961 dated 30.05.2019 by the Assessing Officer, ITO, Ward-1(2), FBD. The only effective issue to be decided in this appeal is as to whether the ld National Faceless Appeal Centre (NFAC) was justified in confirming the levy of penalty u/s 271(1)(b) of the Act in the facts and circumstances of the instant case. The assessee had already furnished the details sought for vide notice dated 03.07.2018 and all the notices were duly complied with by the assessee and assessment ultimately stood completed u/s 143(3) of the Act.…

Legal Issues

• 1. Whether the ld National Faceless Appeal Centre (NFAC) was justified in confirming the levy of penalty u/s 271(1)(b) of the Act in the facts and circumstances of the instant case.
• 2. Whether the assessee is liable for penalty u/s 271(1)(b) of the Act.

Judgment Outcome

Decided in favour of Assessee.

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