Non-compliance inspite of repeated notices led to gross negligence hence cost of Rs. 2,000/- imposed

Ahmed Ali Khan Vs ITO (ITAT Jaipur)

ITAT Jaipur held that non-compliance inspite of repeated notices/ summons has led to gross negligence on the part of the assessee and accordingly matter restored back and cost of Rs. 2,000/- imposed for negligent attitude during income tax proceedings.

Facts- The present appeal is preferred by the assessee alleging that CIT(A) has erred in sustaining the addition made by AO on account of Long Term Capital Gain by adopting the valuation done by the DVO as sale consid

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