2021 (4) TMI 1013

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....lankamony, Member (A) Both the captioned appeals are filed by the assessee against the orders of the Ld. CIT(A)-3, Hyderabad in appeal Nos. 10175 & 10176/2019-20/B3/CIT(A)-3, dated 04/09/2020 passed U/s. 143(3), 271(1)(c) r.w.s. U/s. 250(6) of the Act for the AY: 2016-17. 2. In quantum appeal (ITA No. 575/Hyd/2020), the assessee has raised two grounds however, the crux of the issue is that: ....

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....addition of Rs. 4,95,000/- U/s. 69 of the Act, the Ld. A.O. did not consider the submissions of the assessee. It was therefore pleaded that the assessee may be provided with one more opportunity to pursue his case before the Ld. Revenue Authorities. Ld. DR on the other hand objected to the submissions of the Ld. AR and argued that sufficient opportunities had been provided to the assessee, however....

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....ssions of the Ld. DR. The ld. A.O. completed the assessment U/s. 143(3) of the Act making an addition of Rs. 4,95,000/- considering the same as unexplained income. On appeal, before the Ld. CIT(A) none appeared on behalf of the assessee on the given dates of hearing. Moreover, there is a long delay in filing the appeal before the Ld. CIT(A) for which the assessee had also not filed a petition seek....

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.... Authorities shall be at liberty to pass appropriate Orders in accordance with law and merits based on the materials on the record. It is ordered accordingly. 6. In the result, the appeal filed by the assessee is allowed for statistical purposes as indicated hereinabove. ITA No. 576/Hyd/2020 7. The core issue involved in this appeal is the levy of penalty U/s. 271(1)(c) of the Act. Since ....