KAD ENTERTAINMENT (INDIA) PRIVATE LIMITED ,HYDERABAD vs. INCOME TAX OFFICER, WARD-2(1), HYDERABAD
In the result, assessee’s appeal is treated as allowed for statistical purposes
ITA 882/HYD/2019[2006-07]Status: DisposedITAT Hyderabad09 Jan 2020AY 2006-07
Bench: Smt. P. Madhavi Deviassessment Year: 2006-07 Kad Entertainment (Ind) P Vs Income Tax Officer Ltd. Ward 2(1) No.503, Kanchanjunga Hyderabad Complex King Koti Road Hyderabad Pan: Aabck3884G (Appellant) (Respondent) For Assessee : Shri Laxmi Niwas Sharma, Ar For Revenue : Shri Djp Anand, Dr Date Of Hearing: 28.11.2019 Date Of Pronouncement: 10.01.2020 O R D E R
For Appellant: Shri Laxmi Niwas Sharma, ARFor Respondent: Shri DJP Anand, DR
Section 143(1)Section 143(3)Section 147Section 148Section 250
depreciation as per the I.T.Act resulting in business income of Rs.9,99,013/-. However, while computing total income, assessee ignored to
ITA No.882/H/19 AY 2006-07
KAD Entertainment (Indi) Pvt. Ltd.
add income of Rs.41,57,000/- from other sources to the business income of Rs.9,99,013/-. For this reason, the AO reopened the assessment by issuance