2018 (9) TMI 151

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....: The aforesaid appeal has been filed by the assessee against the impugned order dated 02.11.2017 passed by Ld. CIT (Appeals), Faridabad in relation to penalty proceedings initiated u/s.271(1)(c) for the Assessment Year 2010-11. The assessee is mainly aggrieved by levy of penalty at Rs. 4,84,907/-. 2. At the outset, ld. counsel for the assessee submitted that in the quantum proceedings, the Tri....

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.... income of Rs. 13,74,000/- odd was selected for scrutiny, wherein the assessment was concluded at an income of Rs. 29,43,820/-. The additions made by the AO were challenged in appeal before the CIT(Appeals) where initially time was sought subsequently on 25.11.2014 neither anyone appeared order nor any request for time was made, In the light of the submissions advanced by the counsel, we find that....