TaxTMI 
TaxTMI 
2025 (3) TMI 2015
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....l, Sr. D.R. ORDER PER: INTURI RAMA RAO, AM These appeals filed by the assessee are directed against the orders of the National Faceless Appeal Centre, Delhi [CIT(A)], dated 24.05.2022 for Assessment Years (AYs) 2012-13 to 2016-17. 2. Since identical issues are involved in these appeals, they are heard together and disposed of vide this common order. For the sake of convenience and clar....
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....upon the appellant to show cause as to why penalty should not be levied u/s. 271B of the Act. In response to the show cause notice the appellant submitted that the delay in getting the books audited had occurred on account of the delay in completion of audit by the Co-operative Department of the State Government. However, the AO rejecting the above explanation had proceeded with levy of penalty of....
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....eing aggrieved, the appellant is in appeal before us in the present appeal. 6. It is submitted that subsequent to the decision of Peroorkkada Service Co-op. Bank Ltd. (supra) the Hon'ble Jurisdictional High Court in the case of Chavakkad Service Co-op. Bank Ltd. v. ITO [2024] 169 taxmann.com 45 held that the delay in obtaining the audit report under the Kerala State Co-operative Societies A....
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....t of the delay in obtaining the audit report under the Kerala State Co-operative Societies Act. The submission made by the appellant society remains uncontroverted by the department. The Hon'ble Jurisdictional High Court in the case of Chavakkad co-operative society (supra) held that the delay in obtaining the audit report under Kerala State Co-operative Societies Act constitutes reasonable ca....