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1 result for “penalty u/s 271”+ Section 70clear

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Key Topics

Section 271(1)(c)3Section 1322Section 1482

ATTU PURATTU ISMAIL,THALASSERY vs. INCOME TAX OFFICER, WARD-2, , KANNUR

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

ITA 812/COCH/2025[2013-14]Status: DisposedITAT Cochin19 Nov 2025AY 2013-14

Bench: Shri Inturi Rama Rao, Am & Shri Manu Kumar Giri, Jm Assessment Year: 2013-14 Attupurattu Ismail .......... Appellant Attupuratt House, Thalassesry, Kannur 670676 [Pan: Abfbi7471M] Vs. The Income Tax Officer, Ward-2, Kannur ......... Respondent Assessee By: Shri Ananthakrishnan R. Ca Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 07.11.2025 Date Of Pronouncement: 19.11.2025 O R D E R Per: Inturi Rama Rao, Am This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi (Nfac) Dated 01.09.2025 For Assessment Year (Ay) 2013-14. 2. Brief Facts Of The Case Are That The Appellant Is An Individual. The Return Of Income For Ay 2013-14 Was Filed On 22.03.2014 Disclosing Total Income Of Rs. 2,63,300/-. The Search & Seizure Operations U/S. 132 Of The Income Tax Act, 1961 (The Act) Was Conducted In The Business Premises Of Parco Group Of Concerns

For Appellant: Shri Ananthakrishnan R. CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 132Section 147Section 148Section 271(1)(c)Section 274

70,54,484/-. On further appeal, the CIT(A) deleted the addition made on capital contribution of Rs. 14,00,000/-. However, he confirmed the addition of interest of Rs. 42,184/-. The AO had initiated penalty proceedings u/s. 274 r.w.s. 271(1)(c) of the Act and levied penalty of Rs. 13,035/- vide order dated 27.03.2025 passed u/s