P. K. Asokan v. The Commissioner of Income-tax, Calicut
[Citation -2016-LL-0923-4]

Citation 2016-LL-0923-4
Appellant Name P. K. Asokan
Respondent Name The Commissioner of Income-tax, Calicut
Court SUPREME COURT
Relevant Act Income-tax
Date of Order 23/09/2016
Judgment View Judgment
Keyword Tags reassessment order


ITEM NO.53 COURT NO.11 SECTION IIIA SUPREME COURT OF INDIA RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 30487/2015 (Arising out of impugned final judgment and order dated 15/07/2015 in ITA No. 240/2013 passed by High Court Of Kerala at Ernakulam) P.K. ASOKAN Petitioner(s) VERSUS COMMISSIONER OF INCOME TAX, CALICUT Respondent(s) WITH SLP(C) No. 31227/2015 (With Office Report) SLP(C) No. 32013/2015 (With Interim Relief and Office Report) Date : 23/09/2016 These petitions were called on for hearing today. CORAM : HON'BLE MR. JUSTICE A.K. SIKRI HON'BLE MR. JUSTICE N.V. RAMANA For Petitioner(s) Mr. Kavin Gulati, Sr. Adv. Ms. Hemlata Rawat, Adv. Mr. Prakash Ranjan Nayak,Adv. Mr. R. Venkataramani, Sr. Adv. Mr. Ramesh Babu M. R.,Adv. For Respondent(s) Mr. Ranjit Kumar, SG Mr. S.A. Haseeb, Adv. Ms. Jyotika Kalra, Adv. Mrs. Anil Katiyar,Adv. UPON hearing counsel Court made following ORDER Signature Not Verified We have heard learned counsel for parties at length. Digitally signed by ASHWANI KUMAR Date: 2016.09.24 12:41:23 IST Reason: In facts and circumstances of these cases, we are not inclined to interfere with reassessment order passed by 2 Assessing Officer which has been confirmed by High Court. However, in peculiar facts of these cases, we are of opinion that penalty should not have been imposed. impugned order as also assessment order is accordingly modified with observation that though petitioner(s) shall be liable to pay amount of tax calculated along with interest thereupon, penalty imposed against him stands quashed. special leave petitions are disposed of accordingly. Application(s) pending, if any, shall be disposed of. (Ashwani Thakur) (Tapan Kr. Chakraborty) COURT MASTER COURT MASTER P. K. Asokan v. Commissioner of Income-tax, Calicut
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