THE ACIT,, ELURU vs. M/S. JEYPOTE SUGAR COMPANY LTD., CHAGALLU
In the result, appeal filed by the revenue and the CO filed by the assessee are dismissed
ITA 268/VIZ/2015[2010-11]Status: DisposedITAT Visakhapatnam31 Jul 2018AY 2010-11
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleacit, Circle-1, Vs. M/S. The Jeypore Sugar Eluru. Company Ltd., D.No. 6/69, Chagallu, W.G. District. Pan No. Aaact 9942 R (Appellant) (Respondent) C.O.No. 50/Viz/2016 (Arising Out Of Ita No. 268/Viz/2015) (Asst. Year : 2010-11) M/S. The Jeypore Sugar Vs. Acit, Circle-1, Company Ltd., D.No. 6/69, Eluru. Chagallu, W.G. District. Pan No. Aaact 9942 R (Applicant) (Respondent)
For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri K.C. Das – Sr.DR
Section 36Section 36(1)(iv)Section 369(1)(iv)Section 37Section 40A(7)Section 40k
gains of business or profession.
9. The CIT(A) ought to have sustained the addition made by the AO of Rs 47,04,199/- as the assessee faded to satisfy the conditions laid down in sections 36(1)(v), 40A(7) and 40A(9) of the Act.
10 Without prejudice to the above, the CT(A) ought to have enhanced
