NEETU GUPTA Vs. THE INCOME TAX OFFICER

Parties Involved

Facts Summary

The present appeal arises from an order dated 02.06.2025, passed under section 250 of the Income Tax Act, 1961 by the Ld. CIT(A)-NFAC, Delhi. The Ld. AO levied a penalty under section 271(1)(c) of the Act to the extent of Rs.1,75,615/-. The penalty proceedings before the Ld. AO were conducted in an ex parte manner. Before the Ld. CIT(A), the averments of the assessee were negated, and the penalty was confirmed on the ground that the source of cash, as explained by the assessee, was not held to be adequate. Aggrieved by this action, the assessee approached the ITAT with five grounds of appeal, all challenging the penalty imposed.…

Legal Issues

• 1. Whether the penalty levied under section 271(1)(c) of the Income Tax Act, 1961 was justified?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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