EDATHURUTHYKARAN PAVOO GEORGE,ERNAKULAM vs. THE ACITCIRCLE-1, KOCHI
In the result, the appeal filed by the assessee is allowed
ITA 25/COCH/2022[2009-10]Status: DisposedITAT Cochin03 Mar 2023AY 2009-10
Bench: Shri George George K. & Ms. Padmavathy S.Edathuruthykaran Pavoo George Vs Acit, Circle - 1(1) 40/2102, Market Road Kochi Ernakulam 682035 Pan – Abzpg4486E (Appellant) (Respondent) Assessee By: Smt. Athira Anil, Ca Revenue By: Smt. J.M. Jamuna Devi, Sr. Dr Date Of Hearing: 02.03.2023 Date Of Pronouncement: 03.03.2023 O R D E R Per: George George K., J.M. This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Cit(A)/Nfac, Delhi Dated 24.11.2021 Passed Under Section 250 Of The Income Tax Act, 1961 (The Act). The Relevant Assessment Year Is 2009-10. 2. The Brief Facts Of The Case Are As Follows: - The Assessee Is An Individual, Who Is Running A Proprietary Concern In The Name Of M/S. Novelty Textiles. The Proprietary Concern Is A Wholesale Dealer In Textile Products. For Ay 2009-10 Return Of Income Was Filed On 28.09.2009 Declaring Total Income Of Rs.2,83,44,875/-. The Assessment Was Completed Under Section 143(3) Of The Act Vide Order Dated 26.12.2011 By Assessing The Total Income At Rs.2,89,52,150/-. Subsequently Notice Was Issued
For Appellant: Smt. Athira Anil, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 143(3)Section 148Section 250
150/-. Subsequently notice was issued
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Edathuruthykaran Pavoo George to the assessee under Section 148 of the Act on 21.03.2014. The reason for reopening of the assessment was that the assessee had claimed expenditure of Rs.29,40,000/- on advertisement and sale promotion. According to the AO the same is in the nature of donations. The assessment was completed under
