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)
1)(ii) comprise of know- how, patents, copyrights, trademarks, licenses, …. or any other business or commercial rights of similar nature. From the reply submitted by the assessee, the CIT observed that the payment made cannot be regarded as an ‘asset of similar nature’ in the line of intangible assets mentioned in the Section.
According to the CIT, there was also
