Search: penalty u/s 271

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Section 2714 Section 139(1)2

MR. RANJITH THAZHE KUNHAMBATH,ERNAKULAM vs. ITO, WARD 3(3), NON CORPORATE RANGE 2, KOCHI

In the result, the appeal is allowed in favour of the assessee and the stay petition is dismissed as infructuous

ITA 1000/COCH/2022[2011-12]Status: DisposedITAT Cochin08 Mar 2023AY 2011-12

Bench: Shri George George K & Ms. Padmavathy S

For Appellant: Shri. Paulson, CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR

Section 139(1)Section 143(1)Section 143(2)Section 143(3)Section 154Section 271Section 271(1)(c)Section 274

TDS on ESOP was not given by the AO. The AO passed a rectification order u/s.154 and accordingly the tax was reduced to Rs.292 and along with interest the final demand was computed at Rs.970. 3. Subsequently the AO initiated the penalty proceedings u/s 274 read with section 271