IRIS ENGINEERING INDUSTRIES P LTD.,CHENNAI vs. ACIT, COIMBATORE
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 1437/CHNY/2017[2012-13]Status: DisposedITAT Chennai08 Jun 2022AY 2012-13
Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No. 1437/Chny/2017 िनधा"रण वष"/Assessment Year:2012-13 M/S. Iris Engineering Industries Pvt. The Assistant Commissioner Of Ltd., (Now Known As M/S. Ravilla Vs. Income Tax, Corporate Circle 2, Aerospace Industries P. Ltd.), No. 178, Coimbatore. Aerodrome Road, Singanallur, Coimbatore 641 005. [Pan:Aaaci8996G] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate ""थ" की ओर से/Respondent By : Dr. S. Palani Kumar, Cit सुनवाई की तारीख/ Date Of Hearing : 21.03.2022 घोषणा की तारीख /Date Of Pronouncement : 08.06.2022 आदेश /O R D E R Per V. Durga Rao,: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 1, Coimbatore Dated 31.03.2017 Relevant To The Assessment Year 2012-13 In Confirming The Levy Of Penalty Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].
For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Dr. S. Palani Kumar, CIT
Section 133ASection 139(1)Section 139(4)Section 143(2)Section 143(3)Section 147Section 148Section 271(1)(c)
capital gains of ₹.98,92,494/- arising out of sale of 2.84
acres of land and completed the assessment under section 143(3) r.w.s. 147 of the Act vide order dated 24.03.2016. 2.1
Since, only due to survey operation under section 133A
