2018 (9) TMI 1397

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.... Goyal, CA & Ashok Goyal, CA For the Respondent : Shri Manoj Kumar, Sr. DR ORDER PER ANNAPURNA GUPTA, A.M. : This appeal has been preferred by the assessee against the order of learned Commissioner of Income Tax (Appeals) 2, Ludhiana (hereinafter referred to as CIT(Appeals)) dated 30.6.2017, levying penalty u/s 271(1)(c) of the Income Tax Act,1961, (hereinafter referred to as "Act") re....

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....unity of hearing. Thereafter satisfaction for initiating penalty proceedings was recorded by the Ld.CIT(Appeals) and in pursuance to the same necessary notices were issued to the assessee. In the penalty proceedings before the CIT(Appeals) due reply was filed by the assessee after considering which, penalty @ 100% of the tax sought to be evaded on the enhancement made by the CIT(Appeals) of Rs. 1 ....