Search: penalty u/s 271

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Section 271(1)(c)2 Section 2712 Section 1442 Section 1482 Penalty2 Survey u/s 133A2 Limitation/Time-bar2 Condonation of Delay2

SRI.V.I. GEORGE KUTTY,KOLLAM vs. THE ITO,, KOLLAM

In the result, the appeals filed by the assessee are allowed

ITA 106/COCH/2021[2003-04]Status: DisposedITAT Cochin09 Nov 2021AY 2003-04

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

For Appellant: Shri T.M. Sreedharan, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. DR

Section 144Section 148Section 271Section 271(1)(c)

271 (1)(c) of the Income Tax Act 1961. The assessment years involved are 2003-04 and 2004-05. Penalty is imposed for the above years by separate orders dated 28th September 2012 for both the assessments. Following are the penalties imposed. 2003-04 - Rs.4,75,540/- 2004-05 - Rs.2,90,630/- 2. For the corresponding assessment years, assessments were