Denovo assessment directed with cost of Rs. 5000 for failure to respond to notices

Guru Krishnanand Charitable Trust Vs DCIT (ITAT Chennai)

ITAT Chennai set aside the order and appeal restored back to the file of AO for denovo assessment, however, cost of Rs. 5,000 imposed for non-response on the part of the assessee. Accordingly, appeal allowed.

Facts- The assessee M/s Guru Krishnanand Charitable Trust is registered u/s.12A. A warrant of authorization u/s 132 of the Act was executed in the case of Shri D. Ramgopal to search the residential premises of Shri G. Vijaychand Jhabakh, Chartered Accountant on 27.11.2013. Shri Vijaychand Jhabakh

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