TaxTMI 
TaxTMI 
2023 (2) TMI 635
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....directed against the order of ld. Commissioner of Income Tax (Appeals)-11, Pune [the 'CIT(A)'] dated 30.05.2022 for the assessment year 2016-17. 2. The appellant raised the following grounds of appeal :- "1. The learned Assessing officer Circle 9 Akurdi Pune (hereinafter called 'AO') erred in law and facts in levying and the learned CIT(A)- 11 Pune (hereinafter called CIT(A)) erred in law and f....
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.... add, alter, amend and delete all or any of the grounds of the appeal." 3. Briefly, the facts of the case are as under :- The appellant is an individual engaged in the business of gold ornaments and jewellery carrying on business in the name and style of Kerala Fashion Jewellers. The survey operations were conducted on the business premises of the appellant u/s 133A of the Income Tax Act, 1961 ....
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....nalty cannot be imposed vide show cause notice dated 14.12.2018. In response to the show-cause notice, no explanation was filed by the appellant. Accordingly, penalty of Rs.1,50,000/- u/s 271B was levied by the Assessing Officer vide order dated 28.06.2019. 4. Being aggrieved by the penalty order, an appeal was filed before the ld. CIT(A) contending that Assessing Officer had not granted reasonab....
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....uthorities below levying penalty u/s 271B of the Act. 8. We heard the ld. Sr. DR and perused the material on record. The issue in the present appeal relates to the exigibility of penalty u/s 271B for failure of the assessee to get accounts audited in respect of the previous year relevant to the assessment year under consideration as required u/s 44AB and furnished to the Assessing Officer before ....