SOUTH INDIA SURGICALS CO. LTD.,CHENNAI vs. ACIT, CHENNAI
In the result, the appeal filed by the assessee is allowed
ITA 916/CHNY/2019[2015-16]Status: DisposedITAT Chennai29 Jul 2019AY 2015-16
Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.916/Chny/2019 िनधा"रण वष"/Assessment Year:2015-16 M/S. South India Surgical Company The Assistant Commissioner Of Ltd., New No. 117, Old No. 65, Vs. Income Tax, Wallajah Road, Anna Salai, Corporate Circle 6(2), Chennai 600 002. Chennai. [Pan:Aaacs5091E] (अपीलाथ" /Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate ""थ" की ओर से/Respondent By : Shri Ar.V. Sreenivasan, Jcit सुनवाई की तारीख/ Date Of Hearing : 03.07.2019 घोषणा की तारीख /Date Of Pronouncement : 29.07.2019 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 28.02.2019 Relevant To The Assessment Year 2015-16 Passed Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].
For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 143(3)Section 271(1)(c)
section 271(1)(c) of the Act on the ground that the assessee has wilfully concealed the particulars of income. It was the submission of the ld. AR that the land was classified as agricultural land and the report of the Inspector, IT Department clearly establishes that there is coconut trees, banana trees, drumstick trees, etc. It was the submission
