THE DCIT,CEN-CIRCLE-2, ERNAKULAM, ERNAKULAM vs. SRI.SINKARAM M.CHETTIAR, ERNAKULAM, ERNAKULAM
In the result, the appeals filed by the Revenue are allowed
ITA 368/COCH/2017[2005-06]Status: DisposedITAT Cochin02 Aug 2018AY 2005-06
Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. Nos.368-373/Coch/2017 Assessment Years : 2005-06 To 2010-11 The Deputy Commissioner Of Vs. Shri Sinkaram Chettiar, Income-Tax, Central Circle-2, Arun Niwas, Ernakulam, Kochi. 43/986, Ayyappankavu, Ernakulam, Kochi. [Pan: Ahepm 6323R]
Section 132Section 143(3)Section 153ASection 271(1)(c)
26,70,149
1,06,596
I.T.A. Nos.368-373/C2017/
4. Against the penalty levied u/s. 271(1)(c) of the Act, the assessee carried the matter in appeals before the CIT(A) and the CIT(A) deleted the penalty by observing as follows:
“I have gone through the penalty order and submission of the appellant.
The AO has levied penalty u/s
