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2015 (9) TMI 1287 - AT - Income TaxPenalty u/s 271(1)(b) - Held that:- Making additions and partly confirming them we find that both authorities have not passed speaking orders and moreover the necessary clarifications stated by assessee were not properly examined. Assessing Officer has also completed assessment u/s 144 of the Act. Therefore in view of the substantial justice we are of the view that appeals confirming the assessment and confirming the penalties needs to be looked after again by AO. The AO will provide sufficient opportunity to the assessee of being heard. - Decided in favour of assessee for statistical purposes.
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