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2020 (3) TMI 208 - ITAT JAIPURLevy of penalty u/s 271(1)(c) - addition u/s 69 as the said amount was found deposited in the assessee’s bank and no satisfactory explanation was furnished by the assessee - HELD THAT:- CIT(A) has not considered the above aspect of the matter and merely for the reason that assessment order has been confirmed in quantum proceedings by the Tribunal, he has confirmed the levy of penalty ex-parte qua the assessee. Given the peculiar facts and circumstances of the present case, we believe that the assessee deserve one more opportunity and we accordingly deem it appropriate to set-aside the matter to the file of the ld CIT(A) to decide the same afresh taking into consideration aforesaid discussion after providing reasonable opportunity to the assessee. Needless to say, the assessee should attend to the appellate proceedings before the ld CIT(A) and cooperate in timely completion of the appellate proceedings. Appeal of the assessee is allowed for statistical purposes.
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