Ramesh Chowdhury vs. ITO, Ward-31(4), Kolkata

Parties Involved

Facts Summary

The assessee, Ramesh Chowdhury, an individual, filed his original return of income declaring income of Rs. 8,68,870/- for the assessment year 2015-16. His case was selected for scrutiny, and a notice under section 143(2) of the Income-tax Act, 1961 was issued. The assessment was completed under section 143(3) of the Act after disallowing sundry creditors' bills amounting to Rs. 38,35,643/-. The Assessing Officer also initiated penalty proceedings under section 271(1)(c) of the Act. Aggrieved by this order, the assessee appealed to the National Faceless Appeal Centre (CIT(A)), which dismissed the appeal and confirmed the penalty. The assessee then appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the notice issued under section 274 read with section 271(1)(c) of the Income-tax Act, 1961 is vague and invalid.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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