THE COMMISSIONER OF INCOME TAX vs. M/S MAKINO ASIA PVT LTD
ITA/340/2007HC Karnataka25 Sept 2013
Bench: B.MANOHAR,DILIP B.BHOSALE
Section 143(1)Section 143(2)Section 143(3)Section 148Section 260Section 271(1)(c)Section 72
Section 271(1)(c)(iii) of the Act i.e., Rs.41,04,239/-. It
would be necessary to notice the observations made by
the Assessing officer for levying penalty, which read thus:-
“The assessee company had filed its
original return of income on 31.10.2002. While
filing this return, the assessee company was
aware that the return filed for asst.year
