Cost imposed on assessee for non-compliance with show cause notice: ITAT Ahmedabad

Anmol Developers Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad imposed cost of Rs. 10,000 on the assessee due to non-compliance with the show cause notice and directed to restore the matter back to the file of Jurisdictional Assessing Officer. Facts- The assessee is a firm engaged in real estate business. The assessee has not filed the regular return of income. On the basis of information available with the Department, it was noticed that the assessee has purchased immoveable property for a consideration of Rs. 7.22 crores, but the source of income remains unexplained. Therefore, notice u/s. 148 of t...