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2023 (1) TMI 1003 - AT - Income TaxPenalty levied u/s 271(1)(b) - undisclosed investment u/s 69A - ex parte assessment order - HELD THAT:- When the case was listed for hearing on 27/09/2022 and 10/10/2022, assessee filed a letter stating certain details have to be collected and complied and requested for one month adjournment. The same were being granted, however none appeared on behalf of the assessee even today. As pleaded in the Grounds of Appeal, the assessee has not filed any new materials before us. Assessee being a chronicle defaulter from the assessment stage by passing an ex parte order at Assessment state, Penalty stage and even before the CIT(A). None appeared on behalf of the assessee or any Authorized Representative on behalf of the assessee before us. Though the assessee pleaded in its Grounds to file additional evidences, in spite of 2 opportunities the same is not filed by the assessee. We have no hesitation in confirming the penalty levied under section 271(1)(b) for non-compliance of notices before the AO. Thus the Grounds raised by the assessee does not hold merits and the same is dismissed. Appeal filed by the Assessee is dismissed.
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