Kamalabai v. The ITO Non Corporate Ward 11(3), Chennai / Rainbow Traders/The Branch Manager, Kotak Mahindra Bank Ltd./The CIT, Chennai/The Joint Commissioner of Police (CCB), Chennai/ The Chairman Kotak Mahindra
[Citation -2020-LL-0729-7]
| Citation | 2020-LL-0729-7 |
|---|---|
| Appellant Name | Kamalabai |
| Respondent Name | The ITO Non Corporate Ward 11(3), Chennai / Rainbow Traders/The Branch Manager, Kotak Mahindra Bank Ltd./The CIT, Chennai/The Joint Commissioner of Police (CCB), Chennai/ The Chairman Kotak Mahindra |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 29/07/2020 |
| Assessment Year | 2017-18 |
| Judgment | View Judgment |
| Keyword Tags | application for stay • undisclosed income • penalty |
| Bot Summary: | In 1 W.P. No.6039 of 2020 Prayer: Writ Petition filed under Article 226 of the Constitution of India praying Writ of Certiorari to call for the records quash the order No. ITBA / AST / S / 143(3) / 2019-20 / 1023340171(1) of the 1st respondent dated 28.12.2019 assessing the petitioners income wrongly by treating the entire import purchases made by an unknown third party in the name and style of Rainbow Traders and not by the petitioner herein of Rs.1 31 38 682/- with duty and penalty added aggregating in all to Rs. 2 00 67 500/- as undisclosed income for the assessment year 2017-2018 without any justification in law or on facts. For Petitioner : Mr.N.Seshadri For Respondents : Mrs.Hema Muralikrishnan Senior Standing Counsel ORDER Learned counsel for the petitioner states that the petitioner, pursuant to this Courts order dated 10.03.2020, has filed an application for stay on 12.03.2020 before the Commissioner of Income Tax. The petitioner may well pursue his remedy for interim protection before the Appellate Authority. |