LAWS(MAD)-2018-8-85

PRINCIPAL COMMISSIONER OF INCOME Vs. M P PURUSHOTHAMAN

Decided On August 06, 2018
Principal Commissioner of Income Appellant
V/S
M P Purushothaman Respondents

JUDGEMENT

(1.) This tax case appeal has been filed by the Revenue, challenging the order dated 05.08.2016 passed by the Income Tax Appellate Tribunal, Madras "B" Bench in I.T.A.No.1313 /Mds/2008.

(2.) The facts leading to the filing of the appeal are as follows:

(3.) By an order of assessment dated 31.03.2004, the Assessing Officer made the following additions/disallowances resulting in assessed income of Rs.1,04,77,36/-, and initiated separate penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961, hereinafter referred to as "the said Act".