Raman Gupta vs. Deputy Commissioner of Income Tax
Case No: ITA No.3240/DEL/2023(A.Y.2014-15)
Court: Income Tax Appellate Tribunal, Delhi Bench 'F', Delhi
Date: 2/17/2025
Parties Involved
appellantRaman Gupta
respondentDeputy Commissioner of Income Tax
Facts Summary
This appeal by the assessee, Raman Gupta, is directed against the order of the Commissioner of Income Tax (Appeals)-27, New Delhi, dated 20.07.2023, for the assessment year 2014-15. The appeal was initially time-barred by 46 days, but the delay in filing was condoned as it was deemed not intentional and bonafide. The assessee is appealing against the confirmation of a penalty levied under section 271AAB(1A) of the Income Tax Act, 1961. The Assessing Officer (AO) had made additions to the assesse…
Decision in favour of
Assessee
Legal Issues
- 1. Confirmation of penalty levied under section 271AAB(1A) of the Income Tax Act, 1961.
Precedents Relied Upon
2 precedents cited in this judgement.