DCIT, CENTRAL CIRCLE-2(1), CHENNAI vs. M/S HILL MAX EXPORT, COIMBATORE
In the result, appeal filed by the revenue is dismissed
ITA 742/CHNY/2023[2016-17]Status: DisposedITAT Chennai24 Jan 2024AY 2016-17
Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपीलसं./Ita No.: 742/Chny/2023 & Co No.: 39/Chny/2023 िनधा"रणवष" / Assessment Year: 2016-17 Deputy Commissioner Of Income M/S. Hill Max Export, Tax, V. No. 149/1, Central Circle 2(1), Pollachi Main Road, Room No. B3, Ground Floor, Kattampatti, Investigation Building, Jakkarpalayam-Vaipollachi, Chennai – 34. Coimbatore – 642 202. [Pan:Aahfh-2574-B] (अपीलाथ"/Appellant) (Respondent/Cross Objector) अपीलाथ"क"ओरसे/Appellant By : Shri. V. Nanda Kumar, Cit Respondent/Cross Objector By : Shri. M. V. Prasad, Fca सुनवाई क" तारीख/Date Of Hearing : 28.12.2023 घोषणा क" तारीख/Date Of Pronouncement : 24.01.2024
For Appellant: Shri. V. Nanda Kumar, CIT
Section 132Section 133ASection 139Section 142(1)Section 153CSection 69B
section 69B of the Act.
32. With regard to Land, it is noticed that the book value of the same is shown at Rs. 74,58,919/- in the audited Balance sheet as on 31.03.2016. The same is comprised of 'Land' of Rs.
45,49,963/- and 'Factory Land' of Rs. 29,08,956/-. On perusal of the return
