ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal

The Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Appeals) (CITA) to conduct a fresh hearing in an appeal, after imposing a penalty of ₹50,000 for the non-attendance of the appellant. The case involved disputes over tax assessment, and the appellant had failed to attend the previous hearings. The ITAT emphasized the importance of timely participation in the appellate process and warned that non-compliance could result in financial penalties.