2025 (2) TMI 542

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..... DER PER NAVEEN CHANDRA, ACCOUNTANT MEMBER:- This appeal by the assessee is preferred against the order of the NFAC, Delhi dated 31.05.2024 for A.Y 2013-14. 2. The solitary grievance raised by the assessee vide 5 grounds of appeal is that imposition of penalty u/s 271F of the Income-tax Act, 1961 [the Act, for short] is bad in law and without jurisdiction. 3. Brief facts of the case are that th .....

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..... and has declared income from Partnership Firm M/s Khurana and Company, Trading Business, Interest from Saving Bank Account, Profit of Sale of Rural Agriculture Land and Agriculture Income. The ld AR argued that the CIT(A) has wrongly assumed that the assessee is a non-filer whereas the assessee has filed the Return of Income for AY 2013-14 on 21.02.2014 declaring income of Rs. 1,91,230.00 along w .....

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..... . 8. Per contra, the ld DR relied on the orders of the authorities below. 9. Having heard the rival submissions, we find that the assessee has filed its Return of Income for AY 2013-14 on 21.02.2014, a fact recorded by the AO in its assessment order u/s 143(3)/147 dated 31.03.2022. We find that the assessee filed the return of income as per the provision of the section 139 of the Act within the .....

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