1983 (3) TMI 151

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....e assessee was prevented from filing the returns in time due to circumstances beyond its control and that the penalty levied be cancelled. 2. At the time of hearing of these appeals none was present to represent the assessee. 3. We have heard the ld. Departmental representative who was fair enough to produce before us a copy of the order of the CIT, Pune u/s. 273(a) of the IT Act, 1961. 4....

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.... of penalties and interest and that the order of the CIT was awaited. However, the ITO was of the view that the penalty proceedings may be lured by limitation and hence he levied penalties of Rs. 1,03,140 and Rs. 58,104. 6. Against the order of the ITO the assessee went in appeal before the CIT (A) who held partially in favour of the assessee in that he held that for asst. yr. 1975-76 upto 31st....