M/S THE PANNIYANKARA SERVICE CO-OP BANK LTD,KOZHIKODE vs. THE JOINT COMMISSIONER OF INCOME TAX , RANGE 1, KOZHIKODE
In the result, the appeal filed by the assessee is dismissed
ITA 910/COCH/2022[2015-16]Status: DisposedITAT Cochin21 May 2025AY 2015-16
Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav
For Appellant: Sri.Arun Raj S, AdvocateFor Respondent: Smt.Veni Raj, CIT-DR
Section 143(3)Section 269SSection 271Section 271DSection 273BSection 275(1)(c)Section 80PSection 80P(2)(a)
disallowing the deduction claimed u/s.80P. The assessed income for the Assessment Year 2015-16 is Rs.1,48,86,392. During the course of assessment proceedings, it has come to light that there were violation of section 269SS and the assessing officer referred the case for initiation of penalty u/s.271D on 01.01.2018. Accordingly, penalty proceedings u/s.271D was initiated on 03.01.2018. Thereafter