GIOVANNI JOHN MANUEL VAZ,VASCO-DA-GAMA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1,, MARGAO
In the result, the appeal of the assessee is dismissed
ITA 392/PAN/2018[2001-02]Status: DisposedITAT Panaji02 Sept 2022AY 2001-02
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawalassessment Year: 2001-02 Giovanni John Acit, Circle-1, Margao Manuel Vaz Vs. Karma Plaza, Vasco-Da- Gama, Goa - 403701 Pan: Acepv 5611 J (Appellant) (Respondent) Present For: Appellant By : None Respondent By : Shri Mayur Kamble, Sr. Dr Date Of Hearing : 15.06.2022 Date Of Pronouncement : 02.09.2022 O R D E R Per Girish Agrawal: This Appeal By The Assessee Is Arising Out Of The Order Of Ld. Cit(A)-1, Panaji In Ita No.53/Mrg/2007-08 Dated 02.07.2018 Against The Order Passed By Ito, Ward-5, Margao U/S 271(1)(C) Of The Income- Tax Act, 1961 (Hereinafter Referred To As The ‘Act’) For A.Y. 2001-02. 2. The Grounds Taken By The Assessee In The Present Appeal Are Reproduced As Under:
For Appellant: NoneFor Respondent: Shri Mayur Kamble, Sr. DR
Section 142Section 143(3)Section 271(1)(c)Section 5A
271(1)(c) of the Income- tax Act, 1961 (hereinafter referred to as the ‘Act’) for A.Y. 2001-02. 2. The grounds taken by the assessee in the present appeal are reproduced as under:
“i. The ld. CIT(A) erred in confirming the concealment penalty of Rs.
2,60,323/- without appreciating the facts of the case.
ii. The appellant
