ORAGADAM CITY DEVELOPERS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-5(1), CHENNAI
In the result, Addition u/s
ITA 2173/CHNY/2025[2014-15]Status: DisposedITAT Chennai23 Feb 2026AY 2014-15
Bench: Shri Manu Kumar Giri & Shri S.R.Raghunatha
For Appellant: MR. R. Sivaraman, AdvFor Respondent: Mr. Guru Prasad, Addl. CIT
Section 143(2)Section 147Section 148Section 40Section 56(2)(viib)
56(2)(viib) of the Act.
Accordingly, the assessment was reopened u/s.147 of the Act, and notice u/s.148 dated 21.03.2019 was issued. In response, the assessee filed a return of income on 12.11.2019 declaring the same loss of Rs.17,95,493/-. Thereafter, statutory notices u/s. 143(2) and 142(1) were issued from time to time, and the assessee furnished
