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3 results for “condonation of delay”+ Section 56(2)(viib)clear

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Key Topics

Section 56(2)(viib)6Section 683Addition to Income3Section 115J2Section 143(3)2

INCOME TAX OFFICER, WARD-16(4), HYDERABAD vs. QUARK ENTERPRISES PRIVATE LIMITED , HYDERABAD

In the result, the appeal filed by the revenue is allowed for statistical purposes

ITA 1270/HYD/2019[2016-17]Status: DisposedITAT Hyderabad19 Sept 2022AY 2016-17

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2016-17 Ito, Ward-16(4) Vs. M/S.Quark Enterprises 1St Floor, ‘B’ Block Private Limited I.T.Towers, A.C.Guards 10Th Floor, Ramky Masab Tank Grandoise Hyderabad Ramky Towers Complex Road No.62, Gachibowli Hyderabad-500 032

For Appellant: Shri A.V.Raghuram, AdvocateFor Respondent: Ms. M.Narmada, CIT-DR
Section 115JSection 56(2)(viib)

delay in filing of this appeal by the Revenue is condoned. 3. Ground of appeal No.1 by the revenue reads as under:- 1. “Whether on the facts & in the circumstances of the case, the ld.CIT(A) was right in deleting the addition made u/s. 56(2)(viib) of the Act without appreciating that the method adopted for determination

AUTOZILLA SOLUTIONS PRIVATE LIMITED,,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(2) , HYDERABAD

In the result, appeal of the assessee is allowed in above terms

ITA 1568/HYD/2019[2016-17]Status: DisposedITAT Hyderabad12 Jan 2022AY 2016-17

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Years: 2016-17 Autozilla Solutions Pvt. Vs. Income-Tax Officer, Ltd., Hyderabad. Ward – 1(2), Hyderabad. Pan – Aanca 4025H (Appellant) (Respondent) Assessee By: Shri A. Srinivas Revenue By: Shri Rohit Mujumdar Date Of Hearing: 10/01/2022 Date Of Pronouncement: 12/01/2022

For Appellant: Shri A. SrinivasFor Respondent: Shri Rohit Mujumdar
Section 115JSection 143(2)Section 143(3)Section 56(2)(viib)Section 68

delay in filing this appeal is neither intentional nor deliberate but due to the circumstances beyond its control. The same stands condoned. Case is now taken up for adjudication on merits. 3. Briefly the facts of the case are that the assessee company engaged in the business of automobiles and auto parts, filed its return of income

ATGC BIOTECH PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD

Appeal is allowed for statistical purposes in above terms

ITA 2079/HYD/2018[2015-16]Status: DisposedITAT Hyderabad20 Sept 2021AY 2015-16

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahuassessment Year: 2015-16

For Appellant: Shri Sunil Kumar Jain - ARFor Respondent: Sri Rohit Mujumdar - DR
Section 143(3)

section 143(3) of Income Tax Act, 1961 (in short, “the Act”). Heard both sides. Case files perused. 2. The captioned appeal filed by the assessee is barred by limitation by 7 days. The assessee has moved a petition requesting the bench to condone the delay. We heard the party on this preliminary issue. Having regard to the reasons given