2020 (12) TMI 497

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.... SAKTIJIT DEY. J.M. The aforesaid appeal has been filed by the assessee challenging the order dated 2nd March 2015, passed by the learned Commissioner of Income Tax (Appeals)-10, Mumbai, for the assessment year 2009-10. 2. When the appeal was called for hearing, no one was present on behalf of the assessee to represent the case. There is no application seeking adjournment either. Considering the....

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....ising some general objections. Due to non-compliance of the assessee, the Assessing Officer proceeded to invoke the provisions of section 144 of the Act and completed the assessment to the best of his judgment. While doing so, he added back an amount of Rs. 80 lakh, as unexplained cash credit under section 68 of the Act. On the basis of such addition made in the assessment order and confirmed in a....

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....peal ex-parte sustaining penalty imposed under section 271(1)(c) of the Act. 4. We have carefully considered the submissions of learned Departmental Representative and perused the material placed on record. It is evident from the factual matrix, in the course of assessment proceedings the assessee did not comply with any of the statutory notices issued by the Assessing Officer under section 142(1....

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....ty under section 271(1)(c) of the Act alleging concealment of income and furnishing of inaccurate particulars of income. However, the assessee neither furnished any explanation in response to the show cause notice issued under section 271(1)(c) r/w section 274 of the Act nor appeared before the Assessing Officer to show that no penalty is imposable. Before learned Commissioner (Appeals) when the a....