2015 (10) TMI 2837

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.... the assessee for the assessment year 2006-07 are directed against the order of learned CIT(A)-XI, New Delhi dated 19th September, 2013. These are being disposed of with this consolidated order. 2. At the time of hearing, none appeared on behalf of the assessee appellant and, therefore, the appeals of the assessee are being decided ex-parte qua the assessee on merits after hearing the arguments....

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.... :- 4. The only ground of appeal of the assessee is as under:- "That the ld.CIT Appeal completely erred on facts and in law in imposing penalty u/s 271(1)(c) of Income Tax Act for Rs. 1,66,125/- contrary to the facts & circumstances of the case." 5. Learned DR has relied on the order of the learned CIT(A). 6. I have considered the submissions of the learned DR and have perused th....

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....d not file the supporting vouchers/bills for the expenses claimed by it, it could not be concluded that the assessee has claimed bogus expenses and could be penalized u/s 271(1)(c) of the Act. The conduct of the assessee was bona-fide and the assessee has filed an explanation before the Revenue authorities. In the facts of the case, we are of the view that it was not a fit case for levy of penalty....