SRI.PARAYARUKANDY VETTATH GANGADHARAN,CALICUT vs. THE DCIT CIRCLE-1(1), CALICUT
In the result, the instant appeal by the assessee is dismissed
ITA 157/COCH/2023[2007-08]Status: DisposedITAT Cochin12 Apr 2024AY 2007-08
Bench: Shri Sanjay Arora & Shri Manomohan Dasparayarukandy Vettath Gangadharan Dy. Cit, Circle - 1(1) Kerala Transport Company (Decd., Calicut Vs. Represented By Lrs.) K.T.C. Building, Ymca Calicut 673001 [Pan: Adhpg8318B] (Appellant) (Respondent)
For Appellant: Shri Suresh Kumar C., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 147Section 148Section 149Section 150(1)Section 153Section 2(22)(e)Section 268A
22)(e) of the Act in the hands of the assessee firm." (1) KRPPL (2) KTCPL (emphasis, supplied)
2.2
Even as the Revenue contested the matter before the Hon'ble High Court –
which, as informed, did not survive in view of being incompetent u/s. 268A, proceedings u/s. 147 of the Act were initiated against individual partners, as the assessee, holding
