SHRI.PRAKASH R. NAIR,KOLLAM vs. DCIT, KOLLAM
In the result, the assessee’s appeal is partly allowed for statistical purposes
ITA 141/COCH/2021[2000-2001]Status: DisposedITAT Cochin17 Jan 2024AY 2000-2001
Bench: Shri Sanjay Arora & Shri Manomohan Dasprakash R. Nair Dy.Cit, Central Circle Prop. Dhanya Foods Kollam Kochuppilammoodu Vs. Kollam 691001 [Pan:Abfpn4424P] (Appellant) (Respondent)
For Appellant: Shri R. Vijayaraghavan, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 143(1)Section 148(1)Section 271(1)(c)Section 274Section 80Section 801A(9)Section 80HSection 80I
transfers to sister concerns, the value of tins was already embedded in the sale price, an issue decided by the first Appellate authority in favour of the assessee. (emphasis, ours)
4. The assessee thus failing to improve his case in any manner, penalty was levied for the same reasons, finding the assessee’s offer of an additional sum of Rs.180.40
