M/S HOTHUR TRADERS ,BELLARY vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1 , BELLARY
In the result, the appeal by the assessee is dismissed
ITA 541/BANG/2019[2011-12]Status: DisposedITAT Bangalore25 Mar 2021AY 2011-12
Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2011-12 M/S. Hothur Traders, Vs. The Assistant Commissioner Plot Nos. 5, 6, 7 & 8, Of Income Tax, “Hothur House”, Infantry Road, Circle 1, Cantonment, Fort Road, Bellary – 583 104. Bellary – 583 102. Pan: Aaefh 7705H Appellant Respondent
For Appellant: Shri Shiva Prasad Reddy, IRSFor Respondent: Shri Kannan Narayanan, Jt.CIT(DR)(ITAT), Bengaluru
Section 10BSection 143(1)Section 143(3)Section 147Section 148Section 41(1)
reassessment framed u/s. 143(3) r.w.s. 147 towards this amount of Rs.4,17,71,395 u/s. 41(1) of the Act, though the assessee claimed the enhanced business profit to that extent to be considered u/s.
10B of the Act. Against this, the assessee went in appeal before the CIT(Appeals).
5. The CIT(Appeals) confirmed the addition u/s. 41
