M.Jayaprakash vs Deputy Commissioner of Income Tax
Case No: ITA No.3525/Chny/2025, ITA No.3526/Chny/2025, ITA No.3527/Chny/2025, ITA No.3528/Chny/2025, ITA No.3529/Chny/2025
Court: Income Tax Appellate Tribunal ‘D’ Bench: Chennai
Date: 1/27/2026
Parties Involved
appellantM.Jayaprakash
respondentDeputy Commissioner of Income Tax, Non-Corporate Circle-8(1) Chennai
Facts Summary
The appellant, M.Jayaprakash, is an individual engaged in the business of builders under the name and style Arvind Builders. The original return of income for the Assessment Year 2006-07 was filed on 28.06.2006 disclosing total income of Rs.8,11,789/-. During the course of assessment proceedings for the AY-2010-11, the Assessing Officer (AO) unearthed that the appellant maintained undisclosed bank accounts with HDFC and Bank of India. Based on this, the AO issued a notice u/s 148 on 07.03.2013. …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the AO was justified in levying penalty u/s 271(1)(C) of the Act in the facts of the case.
Precedents Relied Upon
2 precedents cited in this judgement.