GATEWAY DISTRIPARKS(KERALA) LTD,COCHIN vs. ACIT, COCHIN
In the result, the appeal filed by the assessee is dismissed
ITA 216/COCH/2018[2013-14]Status: DisposedITAT Cochin28 Aug 2018AY 2013-14
Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.216/Coch/2018 Assessment Year : 2013-14 Gateway Distriparks (Kerala) Vs. The Assistant Commissioner Of Ltd., Door No. 26/1804, Income-Tax, Circle-1(2), Kochi Chakiat House, Subramaniam Road, Willington Island, Kochi-682 003. [Pan:Aaccg 6616P] (Assessee-Appellant) (Revenue-Respondent) Assessee By Shri P.M. Veeramani, Ca Revenue By Smt. A.S. Bindhu, Dr Date Of Hearing 14/08/2018 Date Of Pronouncement 28/08/2018
Section 143(3)Section 263Section 32Section 32(1)(ii)
143(3) of the Act dated 10.02.2016 passed by the Assessing
Officer is erroneous in so far as it is prejudicial to the interest of revenue for the reason mentioned below :
'The Assessee was allotted 2.58 hectares of land by Cochin Port Trust for setting up the Container Freight Station (CFS) on lease for 30 years from