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INCOME TAX APPELLATE TRIBUNAL (MUMBAI BENCH)
Vikram Singh Yadav, Accountant Member, Sandeep Singh Karhail, Judicial Member
Pavankumar Bhurchand Jain – Appellant
Versus
Income Tax Officer – Respondent
| Table of Content |
|---|
| 1. consolidates appeals and condones delay. (Para 1 , 2 , 3 , 4) |
| 2. assessee argues s.148a notice time-barred. (Para 5 , 6 , 7) |
| 3. revenue defends notice within s.149(1)(b) threshold. (Para 8 , 9) |
| 4. reproduces ss.148, 148a, 149 provisions. (Para 10 , 11 , 12 , 13 , 14 , 15 , 16) |
| 5. ao had information suggesting escaped income >50l. (Para 17 , 18 , 21) |
| 6. no limitation on s.148a(b) pre-2024 amendment. (Para 19 , 20) |
| 7. 'likely to' allows threshold estimation. (Para 22 , 23) |
| 8. subsequent income reduction irrelevant to notice validity. (Para 24 , 25) |
| 9. s.148 notice valid under s.149(1)(b). (Para 26) |
| 10. remands for loan/improvement expenses verification. (Para 27 , 28 , 29) |
| 11. confirms s.271(1)(c) penalty, subject to remand. (Para 31 , 32 , 33 , 34 , 35) |
| 12. confirms s.271(1)(b) for non-compliance. (Para 36 , 37) |
| 13. confirms s.271f for non-filing return. (Para 38 , 39) |
| 14. summarizes appeals outcomes. (Para 40) |
ORDER
PER VIKRAM SINGH YADAV, A.M :
These are four appeals filed by the assessee against the respective order(s) of the Learned Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (NFAC), Delhi [„Ld.CIT(A)‟], pertaining to Assessment Year (AY) 2016-17. All
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