KERALA AGRO MACHINERY CORPORATION LIMITED,ERNAKULAM vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX , RANGE -1 , KOCHI, KOCHI
In the result, appeal filed by the assessee is partly allowed for statistical purposes
ITA 587/COCH/2024[A.Y 2011-12]Status: DisposedITAT Cochin02 Apr 2025
Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessment Year: 2011-12 Kerala Agro Machinery Corporation Limited Athani Aluva Adit, Range-1 Vs. Ernakulam Kochi Kerala 683 585 Pan No : Aaack9968Q Appellant Respondent Appellant By : Mrs. Remya S. Menon, A.R. Respondent By : Shri Sanjit Kumar Das, D.R. Date Of Hearing : 28.01.2025 Date Of Pronouncement : 02.04.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of Ld. Cit(A)/Nfac Dated 24.4.2024 Vide Din & Order No. Itba/Nfac/S/250/2024-25/1064318699(1) For The Ay 2011-12 Passed U/S 250 Of The Income Tax Act, 1961 (In Short “The Act”).
For Appellant: Mrs. Remya S. Menon, A.RFor Respondent: Shri Sanjit Kumar Das, D.R
Section 143(3)Section 14ASection 24Section 250Section 40a
section 14A r.w. Rule 8D of the Act and Rs.1,02,500/- has been disallowed.
ii.
Expenditure on which TDS was not deducted and remitted before the date of filing of return has been disallowed u/s 40a(ia) of the Act.
iii.
Loss on revaluation of tools amounting to Rs.4,48,719/- has been added back to the returned income
