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

275(1)(c) of the Act. It is seen that, Section\n275(1)(c) contain two limbs viz., (a) expiry of the financial year in which\nthe act of imposition of penalty proceedings is initiated and (b) six months\nfrom the end of the month in which the penalty is initiated, whichever is\nlater. Hence, the crucial aspect which

M/S JAYA EDUCATIONAL TRUST,THIRUVALLUR vs. DCIT, CC1(2), CHENNAI

In the result, appeals filed by the assessee for the assessment years 2012-13 & 2013-14 are allowed and for the assessment years