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TMI Blog2025 (1) TMI 523X X X X Extracts X X X X X X X X Extracts X X X X ..... Sr. D.R. ORDER PER : SUCHITRA KAMBLE, JUDICIAL MEMBER:- This is an appeal filed against the order dated 19-01- 2024 passed by National Faceless Appeal Centre (NFAC), Delhi for assessment year 2022-23. 2. The grounds of appeal are as under:- "Being aggrieved and dissatisfied with the order passed by the learned NATIONAL FACELESS APPEAL CENTRE (NFAC) DELHI, the petitioner presents the appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The assessee purchased the Agricultural land for Rs. 56,18,598/- from Abdulrehman Mohmadbhai Momin and voluntarily deducted TDS @ 1% which was Rs. 56,186/-. Since the property was agricultural land the assessee deposited TDS late and also filed Form 26QB late. The CPC-TDS Ghaziabad had processed the return of TDS and imposed the Late filing fee of Rs. 12,400/- u/s. 234E of the Income Tax Act, 1961 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase of Chimanlal Kathiriya vs. ACIT-CPC- (TDS), ITA No. 388/Ahd/2024, A.Y. 2022-23 order dated 01-10-2024. 6. The ld. D.R. submitted that once the TDS had been deducted, the assessee was supposed to deposit the TDS amount within the time frame given by the statute of Income Tax, but the assessee failed to deposit the TDS within time as well as not filed Form 26QB within the stipulated/statutory p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e property is Rs. 1,41,46,475/- which is more than 50 lacs. Thus, the CIT(A) held that the assessee cannot claim exemption under sub-section 2 of Section 194IA of the Income Tax Act, 1961. Besides this the CIT(A) further held that the plea of the assessee that the said land is agricultural land has not been established through documents by the assessee before the CIT(A). But the fact remains that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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