THE ACIT, TRICHUR vs. ST.ANTONY'S TIMBER DEP, THRISSUR
In the result, the appeal of the Revenue is partly allowed for statistical
ITA 294/COCH/2018[2008-09]Status: DisposedITAT Cochin01 Mar 2019AY 2008-09
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
Section 132Section 132(4)Section 143(3)Section 153ASection 271Section 274
reassessment by retaining the addition of Rs.81.60 lakhs on account of undisclosed
investment. The A.O also initiated penalty u/s 271(l)(c) of the Act and served the
show cause notice u/s 274 r.w.s 271(1)(c). In response, the assessee neither
attended on the appointed date nor filed any written submission. Thereafter, a fresh
opportunity of hearing was granted
