DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. JAYAPRIYA COMPANY, CHENNAI

In the result, appeal filed by the Revenue is dismissed and the\nCross-Objection filed by the assessee is allowed

73 taxmann.com 21. In the decided\ncase, it was held that, AO is permitted to initiate penalty proceedings by\nnot only recording satisfaction/finding of fact but he is also competent to\nissue notice and that the Joint Commissioner is the competent authority\nonly to impose the penalty.\n16. It was further submitted by the Ld.AR that the proposition raised

M/S.ENRICA ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA