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No waiver of interest if reassessment was founded on verdict of a jurisdictional HC
Case Law Details
- Case Name
- P.G. Mani Vs Chief Commissioner of Income-tax, Cochin
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 03/12/2012
- Courts
- All High Courts, Kerala High Court
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HIGH COURT OF KERALA
P.G. Mani
versus
Chief Commissioner of Income-tax, Cochin
WP (C) NO. 26339 OF 2005(I)
DECEMBER 3, 2012
JUDGMENT
1. Heard the learned counsel for the petitioner and the learned standing counsel appearing for the respondents.
2. The petitioner is a partnership firm. For the assessment years 1995-1996 and 1996-1997, they filed returns under the Income Tax Act showing taxable income of Rs. 2,67,230/- and Rs. 4,35,230/- respectively. These returns were filed claiming the status of a firm and were processed under Section 143 of the Income Tax Act.
3. Subsequently, based on t...
