INDIRA INDUSTRIES,RANIPET vs. ACIT, VELLORE
In the result, the appeal filed by the assessee is partly allowed for statistical purposes
ITA 1262/CHNY/2016[2009-10]Status: DisposedITAT Chennai18 Jan 2018AY 2009-10
Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.1262/Mds/2016 "नधा"रण वष"/Assessment Year:2009-10 M/S. Indira Industries, The Assistant Commissioner Of No. 6, Sipcot Industrial Complex, Vs. Income Tax, Ranipet 632 403, Tamil Nadu. Circle 1, Vellore. [Pan: Aaafi2440N] (Appellant) (Respondent) अपीलाथ" क" ओर से / Appellant By : Shri G. Seetharaman, C.A. ""यथ" क" ओर से/Respondent By : Shri Ar.V. Sreenivasan, Jcit सुनवाई क" तार"ख/ Date Of Hearing : 28.12.2017 घोषणा क" तार"ख /Date Of Pronouncement : 18.01.2018 आदेश /O R D E R Per Duvvuru Rl Reddy:
For Appellant: Shri G. Seetharaman, C.AFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 10BSection 142(1)Section 143(1)Section 143(2)Section 143(3)Section 144Section 147Section 148
10B of the Act, he believed that the said interest income escaped assessment, which is to be taxed under the head “income from other sources”. Accordingly, by recording the reasons for escapement of income under section 147 of the Act, the Assessing Officer issued notice under section 148 of the Act for reopening of assessment within the time prescribed
