ITAT Reduces Penalty as Tax Sought to Be Evaded Must Exclude TDS and Self-Assessment Tax

Niripraj Singh Sohal Vs ITO (ITAT Delhi)

In Niripraj Singh Sohal Vs ITO, the ITAT Delhi partly allowed the assessee’s appeal and reduced the penalty levied under Section 271(1)(c) of the Income Tax Act by recalculating the “tax sought to be evaded” after adjusting TDS and self-assessment tax.

The core issue before the Tribunal was the levy of penalty of Rs. 8,56,794/- under Section 271(1)(c) for concealment of income for Assessment Year 2015-16. The assessee had not filed his return of income despite having salary income, interest income and other tran

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