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2020 (2) TMI 1693 - ITAT BANGALOREPenalty u/s 271(1)(c) - principles of natural justice - as argued assessee was not provided sufficient opportunity of hearing before the AO in the penalty proceedings - HELD THAT:- On perusal of the penalty order, we found that the assessee in lieu of the show cause notice issued has filed explanations on 17.01.2017 and mentioned that the addition in order u/s 143(3) by AO was accepted and paid the taxes. Further, we found that there is no other date of hearing is provided, the assessee has accepted the addition to buy peace with the Department. AO in complying the provisions of Section 271(1(c) has come to a conclusion that the assessee has deliberately furnished inaccurate information and details. AR emphasized that the assessee has prima facie vital explanations to submit before the AO in the penalty proceedings and prayed for one more opportunity. We considering the factual aspects and principles of natural justice and further the reasons envisaged by the learned Authorized Representative, consider it appropriate to provide one more opportunity to the assessee to give clarifications and explanations in detail to the AO in the penalty proceedings. Assessee appeal is allowed for statistical purposes.
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