Search: penalty u/s 271

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Section 1482 Section 143(3)2 Reopening of Assessment2 Addition to Income2 Condonation of Delay2

M/S. VINAYAK AGRO INDUSTRIES,ROURKELA vs. ITO WARD-4, ROURKELA

In the result, both appeals of the assessee are partly allowed for statistical purposes

ITA 107/CTK/2023[2009-10]Status: DisposedITAT Cuttack22 Nov 2023AY 2009-10

For Appellant: Shri N.K.Rout, AdvocateFor Respondent: Shri S.C.Mohanty, Sr. DR

Section 143(3)Section 148

Revision Order dated 29-03-2019 set aside the said Assessment Order dated 19-12-2016 u/S 263 directing the Ld. ITO to pass a fresh Assessment Order considering just and comparable cases of other firms engaged into similar business. 1.7. The Ld. ITO thereupon issued a Show Cause Notice dated 17- 12-2019 proposing determination of total income

M/S. VINAYAK AGRO INDUSTRIES,ROURKELA vs. ITO WARD-4, ROURKELA

In the result, both appeals of the assessee are partly allowed for statistical purposes