AGSRI AGRICULTURAL SERVICES PRIVATE LIMITED.,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(1). , HYDERABAD
In the result, both the appeals filed by the assessee are allowed for statistical purposes
ITA 1339/HYD/2017[2012-13]Status: DisposedITAT Hyderabad06 Jul 2022AY 2012-13
Bench: Shri Laxmi Prasad Sahu & Shri K.Narasimha Chary & Assessment Years: 2012-13 & 2013-14 Agsri Agricultural Services Vs. Ito,Ward-1(1) Private Limited Hyderabad 51/Slnt/L4-05 Gachibowli, Kondapur Road, Hyderabad-500 032
For Appellant: Shri C.S.subramaniyam, CAFor Respondent: Shri Kumar Aditya, Sr.AR
Section 142(1)
Charitable Trust's Krishi Vignan Kendra, Latur (KVK) resulted in a separate entity of Association of Persons (AOP).
3 The learned Commissioner of Income-tax (Appeals) erred in considering that net expenditure of Rs.5,62,781 being 50% of assessee's share as per the MOU mentioned in Ground No.2, supra is assessable in the hands of AOP and thus