ITAT imposes cost on Jet Airways (India) Ltd. on non-cooperation in assessment proceedings – M/s. Jet Airways (India) Ltd. Vs. Dy. CIT, Circle-5(2), Mumbai – ITAT Mumbai
ITAT held that it is observed that the assessee has failed to make compliance with the notices issued by the lower authorities inspite of several opportunities. Considering the nature of the addition, the assessee may be given one last opportunity to present its case before the A.O. It is also evident that the considerable amount of time and revenue has been spent by Exchequer in carrying out the assessment proceedings followed the appellate proceedings. The assessee is directed to pay a cost of Rs.25,000/- each in both these appeals for being delinquent before the lower authorities and the same is to be paid towards Prime Minister’s Relief Fund within 30 days from the date of this order. The assessee is also directed to appeal and fully co-operate with the A.O. to present its case without any further delay.