“levy of penalty”

BABUBHAI GANGABHAI BAGUL,SURAT vs. ITO, WARD-1, NAVSARI

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Smt. Annapurna Gupta

NFAC”), Delhi order dated 11.11.2025 passed under Section 250 of the Income Tax Act, 1961 (hereinafter referred to as the “Act”) confirming the levy of penalty u/s 271(1)(c) of the Act and relates to Assessment Year (A.Y.) 2010-11. 2. At the outset, itself Ld. Counsel ... assessee pointed out that the quantum appeal of the assessee, the additions made in which were the basis for the levy of penalty, has been restored back by the ITAT to the AO for adjudication afresh in ITA No. 389/Srt/2025 vide its order dated 15.12.2025. copy of the order

BHANUSHANKAR KASALSHIBHAI DAVE,SURAT vs. ITO, WARD-3(2)(6), SURAT

In the result, the appeal of the assessee is allowed

Appeals),\nNational Faceless Appeal Centre (hereinafter referred to as\n“NFAC”), Delhi (hereinafter referred to as “CIT(A)") dated\n14.11.2025 confirming the levy of penalty under Section\n271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as\n\"Act\") for concealing the particulars of income and relates ... stood deleted by the ITAT, there\nremains no case of concealment / furnishing of inaccurate\nparticulars of income so as to attract any levy of penalty. The\nPenalty levied, therefore, in the present case amounting to\nRs.8,39,438/- having no legs to stand upon is directed to be\ndeleted