Suresh Chand v. ITO Ward 4(1)
Case No: ITA No. 6003/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench ‘G’, New Delhi
Bench: Delhi Bench ‘G’, New Delhi
Date: 2/18/2026
Parties Involved
appellantSuresh Chand
respondentITO Ward 4(1)
Facts Summary
The assessee was a non-filer for A.Y 2014-15 but had made high value transactions as per the data available with the department. Accordingly, the case was reopened and assessment completed u/s 147 r.w.s 144 r.w.s 144B at an income of Rs. 45,01,317/- vide order dated 22.03.2022. Subsequently, penalty of Rs. 13,48,556/- u/s 271(1)(c) for concealment of income was also levied @ 100% of tax sought to be evaded. Aggrieved, the assessee preferred an appeal before Ld. CIT(A) who dismissed the same vide…
Decision in favour of
Assessee
Legal Issues
- 1. Imposition of penalty under section 271(1)(c) for concealment of income.