CHUNDAYIL KALAM GIRIJADEVI ,KERALASSERY vs. ITO WARD 1 & TPS, PALAKKAD

Bench: SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

271(1)(c) of the Act, even if the claim made by him is unsustainable in law provided that he either substantiates the explanation offered by him or the explanation, even if not substantiated, is found to be bona fide. E. Where the appellant has withdrawn the claim during the course of the assessment proceedings, the penalty under section 270A

AKM ERECTORS,ERNAKULAM vs. COMMISSIONER OF INCOME-TAX, KOCHI, KOCHI

In the result, the appeals filed by the assessee stand partly allowed

Bench: Shri George George K., Vp & Shri Inturi Rama Rao, Am

1) of the Act. In the circumstances the AO, had proceeded with framing of best judgement assessment thereby bringing to tax the entire contract receipts of Rs. 3,22,93,096/- vide order dated 28.03.2022 passed u/s. 147 r.w.s. 144 r.w.s. 144B of the Act. 3. Being aggrieved, an appeal was filed before the CIT(A) contending that

AKM ERECTORS,ERNAKULAM vs. COMMISSIONER OF INCOME TAX, KOCHI, KOCHI

In the result, the appeals filed by the assessee stand partly allowed

Bench: Shri George George K., Vp & Shri Inturi Rama Rao, Am

1) of the Act. In the circumstances the AO, had proceeded with framing of best judgement assessment thereby bringing to tax the entire contract receipts of Rs. 3,22,93,096/- vide order dated 28.03.2022 passed u/s. 147 r.w.s. 144 r.w.s. 144B of the Act. 3. Being aggrieved, an appeal was filed before the CIT(A) contending that