VICT PLY INDUSTRIES,KANNUR vs. ITO, WARD 4, KNNUR
In the result, the appeal filed by the assessee is allowed
ITA 399/COCH/2025[2015-16]Status: DisposedITAT Cochin31 Jul 2025AY 2015-16
Bench: Shri Inturi Rama Rao, Am Assessment Year: 2015-16 Victply Industries .......... Appellant Ap Vii/585B, Industrial Development Park Andoor, Parassinikkadavu, Kannur, Kerala [Pan: Aagfv 5189 D] Vs. Ito, Ward-4, Kannur .......... Respondent
For Appellant: Shri Arun Raj S, AdvocateFor Respondent: Smt. Leena Lal, Sr. DR
Section 143(3)Section 40A(3)
depreciation loss of Rs. 1,25,649/-. Against the said return of
2
Victply Industries income, the assessment was completed by the ITO, Ward-4, Kannur
(for short, 'AO') vide order dated 17/11/2017 passed u/s. 143(3) of the Income Tax Act, 1961 (for short, 'the Act') at a total income of Rs. 14,32,070/-. While doing
