ASSISTANT COMMISSIONER OF INCOME TAX , CHENNAI vs. EVOCON PVT LTD, CHENNAI
In the result the appeal of the revenue is dismissed
ITA 1634/CHNY/2024[2017-18]Status: DisposedITAT Chennai30 Jan 2025AY 2017-18
Bench: Shri S.S. Viswanethra Ravi, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपीलसं/.Ita No.: 1634/Chny/2024 िनधा"रण वष" / Assessment Year: 2017-18 The Assistant Commissioner Of M/S. Evocon Pvt Ltd Income Tax, V. S Diraviam, No.23, Anaar Flats, 3Rd Floor, Eb Office Road, Central Circle -2(2), Investigation Building, Mogappair East, Chennai – 600 034. Tamil Nadu – 600 037. [Pan:Aacce-9530-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri Nilay Baran Som, Cit अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri S. Sathiyanarayanan, Advocate सुनवाई की तारीख/Date Of Hearing : 12.12.2024 घोषणा की तारीख/Date Of Pronouncement : 30.01.2025
For Respondent: Shri S. Sathiyanarayanan
Section 133(6)Section 14Section 144Section 147Section 148Section 69A
271F is initiated.”
4. Aggrieved by the order of the AO the assessee preferred an appeal before the ld.CIT(A), Chennai – 19. The Assessee filed a detailed written submissions stating that the company was having a financial problem and hence could not complete the residential projects which were booked by the prospective buyers. Further, the home buyers of the project
