DCIT, Kottayam V. A.M. Fazil, Alappuzha

ITSSA 22/COCH/2005

• Counselvise Citation: [2010] 124 COUNSELVISE.COM (IT) 8812 (ITAT-COCHIN)
• Duration Of Justice: 5 year(s) 9 month(s) 15 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 16-11-2010
• Appeal Filed By: Department
• Bench Allotted: DB
• Next Hearing Date: 06-10-2010
• Assessment Year: misc
• Appeal Filed On: 31-01-2005
• Court: TRIBUNAL
• Department Lawyers: S C SONKARCIT
• Assessee Lawyers: R KRISHNAN
• Keywords: Block assessment

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.VIJAYAKUMARAN & SHRI SANJAY ARORA I.T.(S&S)A.NO.22/COCH/2005 BLOCK PERIOD: 1988-89 TO 1997-98 THE DY . COMMISSIONER OF INCOME-TAX,CIRCLE-1, KOTTAYAM. VS. SHRI AM FAZIL, ALAP PUZHA. PA NO.AEAPM 5689-R (APPELLANT) ( RESPONDENT ) & I.T.(S&S)A.NO.25/COCH/2005 BLOCK PERIOD: 1988-89 TO 1997-98 SHRI AM FAZIL, ALAPPUZHA. PA NO.AEAPM 5689-R VS. THE ASST. COMMISSIONER OF INCOME-TAX,CIRCLE-1, KOTTAYAM. (AP PELLANT) (RESPONDENT) REVENUE BY SHRI S.C. SONKAR,CIT.,DR ASSESSEE BY SHRI R.KRISHNAN, CA O R D E R PER N.VIJAYAKUMARAN,J.M: THESE ARE CROSS APPEALS IN RESPECT OF THE BLOCK ASSESSMENT FOR THE PERIOD FROM 1988-89 TO 1997-98. BOTH THE APPEALS ARE AGAINST THE LEVY OF PENALTY U/S.158 BFA(2) OF THE I.T.ACT,1961. IT(S&S)A NOS. 22 & 25 /COCH/2005 2 2. LET US FIRST TAKE UP THE APPEAL OF THE ASSESSEE IN I.T.(S&S)A.NO.25/COCH/2005. THE LD. COUNSEL FOR THE ASSESSEE WOULD CONTEND THAT BESIDES THE OTHER GROUN DS, THE LAST GROUND WHICH RUNS AS FOLLOWS: THE LD. CIT(APPEALS) OUGHT TO HAVE ALLOWED THE APPELLANTS CLAIM OF SET OFF OF LOSS OF ERROR: UNDEFINED OFFENDING COMMAND: RUPEE STACK: / INDIAN