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2019 (5) TMI 344

vice of notice - HELD THAT:- It is an admitted fact that due to non appearance before the CIT(A) despite sufficient opportunities granted by him, CIT(A) in the exparte order passed by him confirmed the penalty so levied by the AO. Considering to restore the issue to the file of the CIT(A) with a direction to grant one final opportunity to the assessee to substantiate his case. The assessee is h .....

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. Therefore, both these appeals were heard on the basis of material available on record and after hearing the Ld. DR. 3. Levy of penalty u/s 271 (1) (c ) of the IT Act by the Assessing Officer which has been upheld by the CIT(A) is the only issue raised by the assessee in the various grounds of appeal for both the years. 4. Facts of the case, in brief, are that the assessee is an individual and is .....

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; 2,33,66,740/- for assessment year 2005-06 and ₹ 3,16,53,940/- for assessment year 2006-07. The Assessing officer thereafter initiated penalty proceedings u/s 271 (1) (c ) and levied of penalty of ₹ 2,20,000/- for assessment year 2005-06 and ₹ 7,50,000/- for assessment year 2006-07. In appeal the Ld. CIT(A) confirmed the penalty so levied by the Assessing Officer for both the ye .....

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