2021 (3) TMI 652

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....see by: Shri B.K. Patel, AR ORDER PER RAJPAL YADAV, VICE-PRESIDENT Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-2, Ahmedabad passed for the Asstt.Year 2012-13. 2. Sole grievance of the assessee is that the ld.CIT(A) has erred in confirming the penalty imposed by the AO under section 271(1)(c) of the Income Tax Act, 1961 amounting to Rs. 9,97,256/-. 3. Bri....

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..... This appeal was listed for hearing on 7.8.2018, and it was dismissed for want of prosecution. The assessee has filed an MA bearing No.270/Ahd/2018 contending therein that assessee was very much interested in prosecuting the appeal. This MA was allowed by the Tribunal vide order dated 1.1.2019 and the appeal was restored to its original number. The appeal again heard by the Tribunal on 17.6.2019.....

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....ced on record. 4. The ld.counsel for the assessee submitted that the assessee has been visited with penalty under section 271(1)(c) of the Act qua the additions made on account of disallowance of rent of Rs. 6 lakhs and disallowance of alleged bogus expenditure of Rs. 25,30,500/-. Both the additions stand deleted at the end of the Tribunal vide order dated 10.11.2020 passed in ITA No.772/Ahd/20....