AVINISSERY SERVICE CO-OPERATIVE BANK LTD NO R 689,ANAKALLU vs. INCOME TAX OFFICER WARD 2(1), THRISSUR
ITA 382/COCH/2025[2012-13]Status: DisposedITAT Cochin22 Jul 2025AY 2012-13
Bench: Shri Inturi Rama Raoand Shri Sonjoy Sarma
Section 139Section 139(1)Section 143(3)Section 147Section 148Section 271B
reassessment under section 143(3) read with section 147 of the Act on 31.12.2019, determining a total income of Rs.1,56,08,560. During the proceedings, it was observed that the assessee failed to furnish the audit report within the due date as prescribed under section 139(1), without any reasonable cause.
Accordingly, penalty of Rs.1,50,000 was imposed