ACIT, Trivandrum V. Sri V.Sunil Kumar, Trivandrum

ITSSA 121/COCH/2004

• Counselvise Citation: [2011] 124 COUNSELVISE.COM (IT) 8262 (ITAT-COCHIN)
• Duration Of Justice: 6 year(s) 7 month(s) 3 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 22-06-2011
• Appeal Filed By: Department
• Bench Allotted: DB
• Assessment Year: misc
• Appeal Filed On: 18-11-2004
• Court: TRIBUNAL
• Department Lawyers: S R SENAPATISR
• Assessee Lawyers: M RAMESH KUMAR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.VIJAYAKUMARAN & SHRI SANJAY ARORA I.T(S&S)A.NO.121/COCH/2004 BLOCK PERIOD:01 - 0 4 - 1989 TO 14 - 10 - 1999 THE ASST. COMMISSIONER OF INCOME-TAX,CIRCLE-1(1), TRIVANDRUM. VS. SHRI V. SUNILKUMAR, TRIVANDRUM. PA NO.AEZPK 5760J (APPELLANT) ( RESPONDENT ) & I.T(S&S)A.NO.123/COCH/2004 BLOCK PERIOD:01 - 0 4 - 1989 TO 14 - 10 - 1999 SHRI V. SUNILKUMAR, TRIVANDRUM. PA NO.AEZPK 5760J VS. THE ASST. COMMISSIONER OF INCOME-TAX,CIRCLE-1(1), TRIVANDRUM. (APPELLANT) (RESPONDENT) REVENUE BY SHRI S.R.SENAPATI,SR.D.R RESPONDENT BY SHRI M. RAMESH KUMAR ,CA O R D E R PER N.VIJAYAKUMARAN,J.M: THESE ARE CROSS APPEALS BY THE REVENUE AND THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT(APPEALS)- I, TRIVANDRUM DATED 19-08-2004. THE ASSESSEE IS A LE ADING LIQUOR CONTRACTOR. HE IS ALSO THE MANAGING DIRECT OR OF M/S. B-SIX HOLIDAY RESORTS PVT. LTD. AT MUNNAR, HAVING O FFICE AT TRIVANDRUM. IT(S&S)A NOS. 121 & 123/COCH/2004 2 2. THERE WAS A SEARCH ON THE PREMISES OF ONE SHRI S . CHANDRAN, ALIAS MANICHAN ON 14-10-1999 WHICH REVEAL ED THAT THE ASSESSEE HAS CLOSE BUSINESS CONNECTION WITH SHR I CHANDRAN AND THEY ARE NOT ONLY THE JOINT VENTURES I N FOREIGN LIQUOR AND TODDY BUT ALSO JOINT BUSINESS IN ILLICIT LIQUOR ALSO. ON THE BASIS OF MATERIALS SEIZED FROM THE PREMISES OF SHRI S.CHANDRAN ALIAS MANICHAN NOTICE U/S.158BD R.W.S.15 8BC WAS ISSUED ON 12-11-2001 AND ACCORDINGLY ASSESSEE ASSESSEE FILED A RETURN OF INCOME ON 28-03-2002 FOR THE BLOCK PERIOD 01-04-1989 TO 14-10-1999 DECLARING TOT AL INCOME OF ERROR: UNDEFINED OFFENDING COMMAND: RUPEE STACK: / INDIAN