2020 (11) TMI 770

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....gpal, C.A. For the Revenue : Sh. Bhopal Singh, Sr. DR ORDER PER ANIL CHATURVEDI, AM: The present appeal filed by the assessee is directed against the order dated 28.08.2019 of the Commissioner of Income Tax (A)-2, New Delhi relating to Assessment Year 2007-08. 2. The relevant facts as culled from the material on records are as under: 3. Assessee is a company stated to be engaged ....

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....determined the income at Rs. 34,02,170/- by inter alia disallowing certain expenses, making certain addition on estimated basis and addition of certain creditors. Thereafter assessee filed application u/s 154 before AO for the claim of "unabsorbed depreciation". In response to the assessee's application for rectification u/s 154 of the Act, AO vide order dated 21.06.2018 recomputed the total incom....

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....ex Court in the case of CIT Vs. Shree Chowtia Tubes (India) P. Ltd. 297 CTR 15 (SC). Aggrieved by the order of CIT(A) whereby the penalty has been confirmed, the assessee is now before us. 4. Before us. Ld AR submitted that the order of CIT(A) confirming the penalty is an ex parte order and no opportunity of hearing was granted by CIT(A) and therefore the order is void. In the alternate he subm....