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2015 (9) TMI 1634 - AT - Income TaxPenalty u/s 271(1)(c) - unexplained cash u/s 69A - cash was seized by the Department and ex parte assessment u/s 144 was made - Held that:- As relying on case of T.Kodeswaran v. ITO [2008 (10) TMI 273 - ITAT MADRAS-B] wherein the similar issue had come up and similar facts were there. In that case, the AO has passed the assessment order ex-parte u/s 144 and the AO has levied penalty u/s 271(1)(c) of the Act, which was deleted and Tribunal has deleted the penalty - Decided against revenue.
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