IN THE INCOME-TAX APPELLATE TRIBUNAL“B” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER &

SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 5060/MUM/2025 (A.Y. 2014-15)

M/s Stepathlon Lifestyle v/s. Deputy Commissioner of Private Ltd. बनाम Income Tax, Circle – 402, Avionne, Opp Pawan Hans 13(2)(2), Aaykar Bhavan, S.V. Road, Ville Parle West, M.K. Marg, New Marine Mumbai–400056, Maharashtra Lines, Mumbai – 400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AARCS1367G Appellant/अपीलार्थी .. Respondent/प्रतिवादी

Appellant by : Shri Abhishek Choksy, AR Respondent by : Shri Leyaqat Ali Aafaqui (Sr. AR)

Date of Hearing 29.09.2025 Date of Pronouncement 10.11.2025 आदेश / O R D E R PER PRABHASH SHANKAR [A.M.] :-

The present appeal arising from the appellate order dated

25.06.2025 is preferred by the assessee against the order passed by the Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre, Delhi [hereinafter referred to as “CIT(A)”] pertaining to the penalty order passed u/s. 271(1)(c) of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 30.03.2017 for the Assessment Year [A.Y.] 2014-15.

2. The grounds of appeal are as under:

1. T