MAMMAYIL THEKKEPURAYIL MANSHOOR,KANNUR vs. DCIT (INTERNATIONAL TAXATION), KOCHI
In the result, appeals filed by the assessee stand partly allowed
ITA 679/COCH/2023[2006-2007]Status: DisposedITAT Cochin29 Apr 2025AY 2006-2007
Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm
For Appellant: Shri Surendranath Rao, CAFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 139(1)Section 144CSection 148Section 149Section 27Section 5(2)
1) of the Income Tax Act, 1961 (the Act) was filed for AY
2006-07. However, the DCIT (Exemption), Kochi (hereinafter called
"the AO") formed an opinion that income had escaped assessment to tax based on the information received from Swiss authorities that the appellant along with Smt. Naseera Seervalappil had made various investments with HSBC Bank Pvt. Ltd., Switzerland