TMI Blog2019 (4) TMI 1434X X X X Extracts X X X X X X X X Extracts X X X X ..... appeared on behalf of the assessee at the time of hearing of the appeal. Assessee is no more interested in prosecuting the appeal. Therefore, the appeal of the assessee is liable to be dismissed as un-admitted. Having regard to Rule 19(2) of Income Tax Appellate Tribunal Rules and following various decisions of Delhi Bench of the Tribunal including that of Multiplan India Ltd., [ 1991 (5) T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Order of the Ld. CIT(A)-1, New Delhi, Dated 09th May, 2016, for the A.Y. 2005-2006, challenging the levy of penalty under section 271(1)(c) of the Income Tax Act, 1961. 2. The A.O. noted in the penalty Order that assessee filed return of income declaring loss of ₹ 9,69,924/-. The A.O. made addition of ₹ 10 lakhs on account of unexplained cash credit. Thus, the total tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bunal Rules and following various decisions of Delhi Bench of the Tribunal including that of Multiplan India Ltd., 38 ITD 320 (Del.); Hon ble Madhya Pradesh High Court decision in the case of Estate of Late Tukojirao Holkar vs. CWT 223 ITR 480 (MP), and also the decision of Hon'ble Supreme Court in the case of CIT vs. B. Bhattachargee Another (118 ITR 461 at page 477-478) wherein their Lords ..... X X X X Extracts X X X X X X X X Extracts X X X X
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