MR.BABU MATHEW,COCHIN vs. THE ACIT, COCHIN
In the result, both the appeals of the assessee are allowed
ITA 96/COCH/2016[2009-10]Status: DisposedITAT Cochin19 Jan 2018AY 2009-10
Bench: S/Shri Chandra Poojari , Am & George George K., Jm
Section 133ASection 139(1)Section 143(3)Section 148Section 271(1)(c)Section 69
penalty of Rs.40,70,658/-. The
Assessing Officer has stated that the additional income of Rs.1,01,36,100/-
declared by the assessee was only after the survey operations and therefore it is
clear that had the survey been not conducted and documents revealing
unexplained investments made by the assessee in the landed properties were
impounded, the ass would
