Kerala HC Dismisses Writ Against Section 271AAC Penalty order

Ashley Cherian Vs Additional/Joint/Deputy/ACIT/ITO (Kerala High Court) Introduction: Ashley Cherian, an assessee under the Income Tax Act, filed a writ petition challenging assessment and penalty orders under section 271AAC. Holding agricultural properties in Idukki District, Cherian declared a ‘nil’ income for the assessment year 2020-2021. However, the case was scrutinized under CASS, leading to the issuance of notices under Sections 143 and 142(1) of the Act. Subsequently, assessment and penalty orders demanding significant sums were passed against Cherian, prompting the filing ...