PANICHIKANDY MOHANDASAN,KASARGOD vs. THE DCIT, KANNUR
In the result, the appeal filed by the assessee stands partly allowed
ITA 48/COCH/2023[2016-17]Status: DisposedITAT Cochin20 Mar 2025AY 2016-17
Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2016-17 Panichikandy Mohandasan .......... Appellant Kanhangad, Hosdurg, Kasaragod 671315 [Pan: Advpm0383N] Vs. Dy Commissioner Of Income Tax .......... Respondent Kannur Appellant By: Shri Arun Raj S., Advocate Respondent By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 10.03.2025 Date Of Pronouncement: 20.03.2025
For Appellant: Shri Arun Raj S., AdvocateFor Respondent: Smt. Leena Lal, Sr. D.R
Section 143(3)Section 36Section 36(1)(va)
nature to compensate and
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Panichikandy Mohandasan also deleted the disallowance of bank charges and interest. However, confirmed the disallowance u/s. 36(i)(va) of the Act in respect of belated remittance of PF and also disallowance of loss under the head ‘income from house property’ of Rs. 22,97,707/- by holding that when the property was under construction