2019 (5) TMI 1313

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....WAL (ACCOUNTANT MEMBER):- 1. Aforesaid appeal by assessee for Assessment Year [in short referred to as 'AY'] 2009-10 contest the order of Ld. Commissioner of Income-Tax (Appeals)-2, Pune [CIT(A)], Appeal No [New].PN/CIT(A)-2/ITO Wd- 3(2)/THN/185/2017-18 date 03/10/2017 on following grounds of appeal: - I. The Id CIT(A) erred in confirming the order of Assessing officer imposing penalty....

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....Ld. Authorised Representative for Assessee [AR] has sought withdrawal of Vakalatnama vide letter dated 10/05/2019. Accordingly, we proceed to dispose-off the appeal ex-parte qua the assessee on the basis of material on record and after hearing Ld. DR, who justified the impugned penalty u/s 271(1)(c). 2. Facts leading to levy of penalty are that the assessee was saddled with certain quantum addi....

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....the assessee. Finally, the assessee has been saddled with impugned penalty of Rs. 5.74 Lacs u/s 271(1)(c) vide order dated 25/09/2014. The same, upon confirmation by Ld. first appellate authority, is under challenge before us. 3. Upon careful consideration, upon perusal of assessee's submissions during appellate proceedings, we find that the assessee's plea revolve around the fact that the purc....