SHANKAR CONSTRUCTION,PANCHGACHIA vs. ITO, WARD-3(1), PURNEA
In the result, the appeal of the assessee is allowed
ITA 565/PAT/2024[2016-17]Status: DisposedITAT Patna18 Nov 2024AY 2016-17
Bench: Shri Rajpal Yadav, Vice- & Shri Rajesh Kumari.T.A. No. 565/Pat/2024 Assessment Year: 2016-2017 Shankar Construction,………………..…….……Appellant Panchgachia, Panchgachia-852124, Bihar [Pan:Abofs0800R] -Vs.- Income Tax Officer,………………….……..……Respondent Ward-3(1), Purnea, Bihar Appearances By: Shri S.K. Tulsiyan, Advocate, Appeared On Behalf Of The Assessee Shri Ashok Kumar, Cit (Dr), Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: October 22, 2024 Date Of Pronouncing The Order: November 18, 2024 O R D E R
Section 143(1)Section 147Section 148Section 69A
69A of the Income Tax Act.
3. Brief facts of the case are that the assessee is engaged in construction activity. It has filed its return of income on 13th
October, 2016 declaring taxable income of Rs.35,36,520/-. This return was processed under section 143(1) of the Income Tax Act.
The ld. Assessing Officer thereafter observed that
