Section 271(1)(c) Penalty Quashed as Quantum Appeal Pending: ITAT Mumbai

Abhay Dattatray Javlekar Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai heard an appeal filed by the assessee, Abhay Dattatray Javlekar, against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, dated 10 February 2025. The appeal concerned a penalty of ₹7,78,315 imposed by the Income Tax Officer under Section 271(1)(c) of the Income-tax Act, 1961 for Assessment Year 2011–12. The assessee raised multiple grounds challenging the penalty order, contending that the order of the CIT(A), NFAC, was arbitrary, erroneous, and...