2014 (1) TMI 707

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....ts : None For the Respondent : Shri Dipak Kumar Sinha ORDER Per Bench: In above mentioned four matters assessees had filed appeals challenging the orders of the Commissioner of Income Tax(A)-I Thane, dtd.15.2.2012, 02.3.2012,21.2.2012 and 05.3.2012.Issues involved in all these appeals are common so these appeals are being decided by common order for the sake of convenience Grounds take....

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....lowed the principles of natural justice. 4)That the Ld. CIT (A) erred in asserting that the appellant did not produce sufficient evidence in support of his application for condonation of delay more particularly when no such opportunity of being heard was given by the Ld. CIT (A) to the appellant and as such ex-parte refusal to condone the delay on the part of Ld. CIT (A) is violative of the pri....

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....f impugned penalty is bad in law for want of fresh inquiry. 9)That the Ld. CIT(A) failed to consider that the undervaluation of investment(s) in buffalos, was never a subject matter of assessment and as such no penalty could be levied on the said basis. 10)That the Ld. CIT(A) also failed to consider that the A.O. erred in relying upon the decision of the Allahabad Bench, in case of ITO V/s R....

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.... Act should not be levied. He levied penalty for various AYs.,as he was of the opinion that assessees had furnished inaccurate particulars of income. Group-members filed appeals before the First Appellate Authority(FAA).After considering the submissions of the assessees and the penalty orders he dismissed the appeals filed by them. As stated earlier his orders have been challenged before us. 2.....