2016 (7) TMI 1517

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....Shri D. Karunakara Rao  And Shri Sanjay Garg, JJ. Assessee by: Shri Vijay Mehta Revenue by: Shri K. Ravi Kiran, Sr. AR ORDER PER BENCH: There are seven appeals under consideration and they are filed by the assessees involving the assessment years 2008-2009. Since, the issues involved in these appeals are identical, therefore, for the sake of convenience, they are clubbed, heard toget....

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....mation to the auditors. The assessee had to submit explanations and the voluminous paper books contain 1800 papers prior to November, 2010. The assessment proceedings started in August, 2010 and they are getting time barred by December, 2010. In this back ground of the facts, AO issued noticed u/s 143(2) and 142(1) of the Act. Although the assessee could not attend to the said notices on the sched....

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....s is not the case of non-compliance to the assessment proceedings; but, merely a case of "belated compliance". In any case, assessee complied and cooperated with the AO in computing the assessment u/s 143(3) of the Act. In these circumstances, as per the Ld Counsel, the penalties levied u/s 271(1)(b) of the Act should not be sustained. For this proposition, Ld Counsel for the assessee filed a deci....