THE KARANNUR SERVICE CO-OP BANK LTD ,KOZHIKKODE vs. THE ITO, WD-1(2),, KOZHIKKODE
In the result, the appeals by the assessee are allowed
ITA 248/COCH/2020[2015-16]Status: DisposedITAT Cochin16 Nov 2023AY 2015-16
Bench: Shri Sanjay Arora & Shri Manomohan Das
For Appellant: Shri P. Raghunathan, AdvocateFor Respondent: Sh. Sanjith K. Das, CIT-DR
Section 143(3)Section 271DSection 273BSection 274Section 275(1)(c)Section 80P(1)
271(1)(c) is reckoned from the date of the assessment order dated
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ITANos. 248 & 249/Coch/2020 (AY: 2015-16)
The Karannur Service Co-op. Bank Ltd. vs. ITO
November 6, 2007, the penalty order passed by the Joint Commissioner on July
29, 2008, is beyond the time permitted in the above section. As we have already held, the initiation
