Income Tax Penalty Not Automatic even if Assessee not contested Additions: Bombay HC

Hicons Developers Vs DCIT (Bombay High Court) The Bombay High Court addressed appeals filed by Hicons Developers against an order issued by the Income Tax Appellate Tribunal (ITAT). The central issue revolved around the tribunal’s order dated March 31, 2017, which was passed without providing the appellants a hearing. The court acknowledged the parties’ agreement to consolidate the appeals and focused on the substantial legal question of whether the tribunal’s order violated the principles of natural justice. The appellants argued that they had filed an application for consol...