THE COMMISSIONER OF INCOME TAX, vs. PTL ENTERPRISES LIMITED,
ITA/483/2009HC Kerala19 Jul 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS
For Appellant: THE COMMISSIONER OF INCOME TAXFor Respondent: M/S.PREMIER TYRES LTD
75,914/- as income from business of the assessee.
Thereafter the AO issued notice dated 23.3.2001 and
ITA Nos.757/2009 and batch cases 15
reopened the assessment under Section 148 of the Act.
The proposed re-assessment principally was on the ground
that the income received as lease rent from ATL could not
have been treated as business income