Decide Penalty Appeal After Conclusion of Quantum Proceedings: ITAT Ahmedabad

Shreenath Corporation Vs ITO (ITAT Ahmedabad) In the case of Shreenath Corporation vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Ahmedabad addressed an appeal related to the penalty under Section 271(1)(c) of the Income Tax Act, 1961. The appellant, Shreenath Corporation, challenged the order of the Commissioner of Income Tax (Appeals) (CIT(A)) at the National Faceless Appeal Centre (NFAC) in Delhi, which dismissed the appeal as non-maintainable due to a delay of one year and eight months in filing. The CIT(A) had found no sufficient cause for the delay, leading to the...