Penalty Under Section 271F Deleted as Income Tax Return Filed Within Time

Hari Mohan And Sons Vs ITO (ITAT Delhi)

The assessee appealed before the Income Tax Appellate Tribunal (ITAT), Delhi, against the order of the National Faceless Appeal Centre (NFAC), Delhi, dated 31.05.2024 for Assessment Year 2013-14, concerning a penalty imposed under Section 271F of the Income-tax Act, 1961. The Assessing Officer (AO) had levied a penalty of ₹5,000 on the ground that the assessee failed to file its income tax return (ITR) within the prescribed time under Section 139(1) and had not provided any reasonable cause for the delay. The CIT(A) upheld the penalty, trea

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