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3 results for “penalty u/s 271”+ Section 131clear

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Key Topics

Section 27110Section 271D6Section 2636Section 274Section 143(3)3Section 56(2)(viib)3Section 271E2Penalty2Limitation/Time-bar

THE SULTHAN BATHERY SERVICE CO-OP BANK LTD,WAYANAD vs. THE JCIT RANGE 2, KOZHIKODE

In the result, both the appeals in ITA Nos

ITA 320/COCH/2023[2015-16]Status: DisposedITAT Cochin14 Aug 2024AY 2015-16

Bench: Shri Chandra Poojari & Shri Soundararajan K.

For Appellant: Shri Anil D. Nair, A.RFor Respondent: Shri Sanjit Kumar Das, D.R
Section 27Section 271Section 271DSection 271E

271 E should have been levied before the end of the year, 31st March 2018 or within 6 months from the month of December 2017, ie on or before 30th June 2018, whichever period expires later. Since the order of the Joint ITA Nos.319 & 320/Coch/2023 & SP Nos.105 & 106/Coch/2023 The SulthanBathery Service Co-operative Bank Limited, Wayanad Page

2

THE SULTHAN BATHERY SERVICE CO-OP BANK LTD,WAYANAD vs. THE JCIT RANGE 2, KOZHIKODE

In the result, both the appeals in ITA Nos

ITA 319/COCH/2023[2015-16]Status: DisposedITAT Cochin14 Aug 2024AY 2015-16

Bench: Shri Chandra Poojari & Shri Soundararajan K.

For Appellant: Shri Anil D. Nair, A.RFor Respondent: Shri Sanjit Kumar Das, D.R
Section 27Section 271Section 271DSection 271E

271 E should have been levied before the end of the year, 31st March 2018 or within 6 months from the month of December 2017, ie on or before 30th June 2018, whichever period expires later. Since the order of the Joint ITA Nos.319 & 320/Coch/2023 & SP Nos.105 & 106/Coch/2023 The SulthanBathery Service Co-operative Bank Limited, Wayanad Page

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

In the result, the appeal filed by the assessee is dismissed

ITA 439/COCH/2019[2014-15]Status: DisposedITAT Cochin05 Nov 2019AY 2014-15

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri.Bomi Daruwala, AdvocateFor Respondent: Smt.A.S.Bindhu, Sr.DR
Section 143(1)Section 143(3)Section 14ASection 263Section 56(2)(viib)Section 68

penalty u/s 271(1)(b) r.w.s. 274 of the I.T.Act.” Due to assessee’s non-cooperation during the assessment proceedings, the Assessing Officer did not have occasion to verify the details regarding the applicability of provisions of section 56(2)(viib) and section 68 of the I.T.Act in respect of the issue / allotment of shares (OPCCPS). The 13 M/s.Sahyadri Agencies