9911796707
TMI Blog2014 (1) TMI 707X X X X Extracts X X X X X X X X Extracts X X X X ..... to 3388/Mum/2012, ITA Nos.3389 to 3394/Mum/2012,ITA Nos.3395 to 3401/Mum/2012, ITA Nos.3402 to 3408/Mum/2012 - - - Dated:- 7-6-2013 - Sh. H. L. Karwa And Rajendra,JJ. For the Appellants : None For the Respondent : Shri Dipak Kumar Sinha ORDER Per Bench: In above mentioned four matters assessees had filed appeals challenging the orders of the Commissioner of Income Tax(A)-I Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eal "is baseless and as such his refusal to condone the delay on the basis of aforesaid erroneous inference is not justified. 3)That the Ld. CIT (A) while passing present order has not followed the principles of natural justice. 4)That the Ld. CIT (A) erred in asserting that the appellant did not produce sufficient evidence in support of his application for condonation of delay more particular ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d bad in law. 8)That the Ld. CIT (A) failed to consider that A.O.'s act of not considering the fact, that penalty proceeding is an independent proceedings and as such the imposition of impugned penalty is bad in law for want of fresh inquiry. 9)That the Ld. CIT(A) failed to consider that the undervaluation of investment(s) in buffalos, was never a subject matter of assessment and as such no pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cases on 23.03.2005.After passing the orders u/s.143(3)r.w.s.153B(b)of the Act Assessing officer(AO) issued notice to the members of the Group as why penalty u/s. 271(1)(c) of the Act should not be levied. He levied penalty for various AYs.,as he was of the opinion that assessees had furnished inaccurate particulars of income. Group-members filed appeals before the First Appellate Authority(FAA). ..... X X X X Extracts X X X X X X X X Extracts X X X X
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