THE POLEPALLI FARMERS SERVICE CO-OPERATIVE SOCIETY LTD,VIZIANAGARAM vs. INCOMETAX OFFICER, WARD-1, VIZIANAGARAM
In the result, the appeal of the assessee is allowed for statistical purpose
ITA 95/VIZ/2022[20017-2018]Status: DisposedITAT Visakhapatnam16 Dec 2022
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.95/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2017-18) The Polepalli Farmers Service Co- Vs. Income Tax Officer Operative Society Ltd., Ward-1 B1612, Polepalli Village Vizianagaram Vizianagaram [Pan : Aaeat0705C] अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri M.N.Murthy Naik, Cit(Dr) सुनवधई की तधरीख / Date Of Hearing : 16.11.2022 घोर्णध की तधरीख/Date Of Pronouncement : 16.12.2022 O R D E R Per Shri Duvvuru Rl Reddy: This Appeal Is Filed By The Assessee Against The Order Of The Principal Commissioner Of Income Tax [In Short, [Pcit], Visakhapatnam-1 In Din & Order No.Itba/Rev/F/Rev5/2021-22/1040343411(1) Dated 04.03.2022 For The Assessment Year (A.Y.) 2017-18. 2. Brief Facts Of The Case Are That The Assessee Is A Primary Farmers Service Co-Operative Society, Filed It’S Return Of Income In The Status Of Aop, For The A.Y.2017-18 On 31.03.2018, Declaring Nil Taxable Income, After Claiming Deduction Of Entire Income U/S 80P Of The Income Tax Act, 1961
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri M.N.Murthy Naik, CIT(DR)
Section 143(3)Section 263Section 80PSection 80P(2)(d)
80P of the Income Tax Act, 1961
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ITA No.95/Viz/2022, A.Y.2017-18
Polepalli Farmers Service Co-operative Society Ltd., Vizianagaram
(in short ‘Act’). The case was selected for limited scrutiny under CASS, to verify deduction under Chapter VIA. The assessment was completed u/s 143(3) of the Income Tax Act, 1961 (in short ‘Act’) on 10.12.2019, by accepting the income returned
