IN THE INCOME-TAX APPELLATE TRIBUNAL, MUMBAI“D” BENCH, MUMBAI BEFORE SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER AND SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER

O R D E R

PER VIKRAM SINGH YADAV, AM:

This appeal filed by the assesseeemanates from the order passed under Section 250 of the Income-tax Act, 1961 (in short, ‘Act’) by the learned Commissioner of Income-Tax, National Faceless Appeal Centre*in short, ‘CIT(A), NFAC’+, Delhi, dated 22.09.2025 for the Assessment Year 2017-18, wherein the assessee has challenged the sustenance of levy of penalty u/s. 271AAC of the Act.

2. During the course of hearing, the ld. AR submitted that the addition has been made by the AO u/s. 69 of the Act in respect of investment made in an immovable property primarily in the name of the assessee’s father and the assessee name was also added as a joint owner of the said property. It was submitted that in the quantum proceedings, the addition so made u/s. 69 of the Act hav