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Income Tax Appellate Tribunal, “B” BENCH, CHENNAI
Before: HON’BLE SHRI MAHAVIR SINGH, VP & HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. The sole grievance of the assessee in the captioned appeal is confirmation of penalty u/s. 271AAC(1) for Rs.3.62 Lacs. At the time of hearing, none appeared for assessee and accordingly, the appeal was proceeded for disposal with the able assistance of Ld. Sr. DR.
From case records, it emerges that an ex-parte assessment was framed against the assessee u/s. 144 on 25.11.2019 wherein certain additions were made u/s.69A on account of cash deposit made in the bank account of the assessee. Against quantum addition, Ld. AO levied impugned penalty which was confirmed by first appellate authority. Aggrieved, the assessee is in further appeal before us.
We find that the assessee has assailed the quantum addition with this Tribunal vide order dated 26.08.2022 wherein the appeal has been restored back to the file of Ld. CIT(A) for fresh adjudication. Considering the same, this appeal having consequential penalty is also restored back to the same authority to decide the same afresh in terms of quantum order.
The appeal stand allowed for statistical purposes. Order pronounced on 24th July, 2023 Sd/- Sd/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) उपा ! / VICE PRESIDENT लेखा सद) / ACCOUNTANT MEMBER चे3ई Chennai; िदनांक Dated : 24-07-2023 DS आदेशकीFितिलिपअ&ेिषत/Copy of the Order forwarded to : 1. अपीलाथ�/Appellant 2. � थ�/Respondent 3. आयकरआयु</CIT 4. िवभागीय �ितिनिध/DR 5. गाडA फाईल/GF