IIT PATNA,PATNA vs. DC/AC EXEMPTION CIR PATNA, PATNA BIHAR
In the result the appeal of the assessee is allowed
ITA 337/PAT/2025[2017-18]Status: DisposedITAT Patna25 Nov 2025AY 2017-18
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishrai.T.A. No.337/Pat/2025 Assessment Year: 2017-18 Iit, Patna……………………………………………………………....Appellant Admin Block Bihta, Patna-801106. [Pan: Aaaai2401A] Vs. Dc/Ac, Exemption, Circle-Patna.……………..………………….…..... Respondent Appearances By: Shri Ankit Kumar, Ca Appeared On Behalf Of The Appellant. Md. A H Chowdhary, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 20, 2025 Date Of Pronouncing The Order : November 25, 2025 आदेश / Order Per Sonjoy Sarma: This Appeal By The Assessee Is Directed Against The Order Dated 19.05.2025 Passed By The Nfac, Delhi [The ‘Cit(A)’] Under Section 250 Of The Income-Tax Act, 1961. 2. Brief Facts Of The Case Are That The Assessee, Iit Patna, Did Not File Its Return Of Income For The Assessment Year 2017–18. The Assessing Officer (Ao) Relied Upon Information Available Regarding: Cash Deposits: ₹10593857/- Term Deposits: ₹62,69,99,990/- Contract Receipt: ₹8,51,325/- Interest U/S 194A Of The Act : ₹31,59,501/-
Section 139Section 144BSection 147Section 148Section 194ASection 250Section 272A(2)(e)
reassessment preceding U/s 148 of the Act the assessee actively participated and fully cooperating with the AO. Moreover, no tax was payable upon the assessee as determined during assessment proceeding. Hence, there was no loss of revenue. In AY 2015–16, a penalty in similar circumstances was deleted by the Ld. CIT(A), which establishes a precedent for reasonable cause
