| |
| The Tax Publishers2020 TaxPub(DT) 0935 (Mad-HC) INCOME TAX ACT, 1961
Section 271AAC Section 69 Section 115BBE
Though contents of assessment order and averments in writ petition were wholly unconnected as addition made in impugned order was in terms of sections 69A and 115B and not section 80P, assessee had ignored all communications and notices issued by Department, thus, petition filed against penalty order was dismissed.
|
Penalty under section 271AAC - Unexplained money - Ignorance of all communications and notices by assessee -
AO proceeded to complete assessments ex-parte and to best of his judgment bringing to tax total credit as reflected in bank accounts as unexplained money under section 69 read with section 115BBE. Penalty under section 271AAC(1) had also been initiated by the AO. Therefore, the assessee filed petition against the penalty order.Held: Contents of the assessment order and averments in writ petition were wholly unconnected as the addition made in the impugned order was in terms of sections 69A and 115B and not section 80P. The assessee had not co-operated in the least in the framing of assessments and had ignored all communications and notices issued by Department. It had not even defrayed its statutory responsibility of filing of a return of income for the period in question. Thus, the petition was dismissed.
REFERRED :
FAVOUR : Against the assessee.
A.Y. : 2017-18
 SUBSCRIBE FOR FULL CONTENT
|