M/S GOPAL RICE INDUSTRIES, ,DHAMTARI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1), RAIPUR
In the result, appeal of the assessee is allowed in terms of our aforesaid observations
ITA 291/RPR/2017[2008-09]Status: DisposedITAT Raipur17 Oct 2022AY 2008-09
Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No. 291/Rpr/2017 "नधा"रण वष" / Assessment Year : 2008-09 M/S. Gopal Rice Industries Village- Sambalpur, Dhamtari (C.G.)-493 773 Pan : Aabfi4303F .......अपीलाथ" / Appellant बनाम / V/S. The Deputy Commissioner Of Income Tax-2(1), Raipur (C.G.) ……""यथ" / Respondent
For Appellant: S/Shri Vimal Agrawal, Sunil KumarFor Respondent: Shri G.N Singh, Sr. DR
Section 133ASection 139Section 143(3)Section 147Section 148Section 40
TDS was done on hire purchase interest paid to NBFC violating the provisions of section 40(a)(ia) of the IT Act, 1961. Considering the facts and circumstances of the case, I have reason to believe that the income of the assessee escaped assessment to the extent of Rs.8,54,977/- and therefore, notice u/s.148 of the Act is issued
