MPG HOTELS AND INFRASTRUCTURE VENTURES PVT LTD,THIRUVANANTHAPURAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE
In the result, the appeal filed by the assessee sands dismissed
ITA 309/COCH/2025[2010-11]Status: DisposedITAT Cochin31 Jul 2025AY 2010-11
Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2010-11 Mpg Hotels & Infrastructure .......... Appellant Ventures Pvt. Ltd. Muthoot Centre, Punen Road, Thiruvananthapuram [Pan: Aaecm1840M] Vs. Dcit, Central Circle, Thiruvananthapuram .......... Respondent Appellant By: Shri Rajeev, Ca Respondent By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 05.06.2025 Date Of Pronouncement: 31.07.2025
For Appellant: Shri Rajeev, CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 143(3)Section 14ASection 153CSection 154Section 194JSection 37Section 40
search and seizure operations conducted in the case of M/s. Artech Group on 21.11.2013 certain incriminating material in relation to the assessee was found.
Accordingly, notice u/s. 153C of the Act was issued to the appellant on 12.03.2015. In response to the notice iss 153C the appellant filed the return of income declaring loss of Rs. 30,47,680/- Against