DEPUTY COMMISSIONER OF INCOME TAX, , VIJAYAWADA vs. VDM CHARITABLE TRRUST ,, ELURU
In the result, appeal of the revenue as well as the cross objection of the assessee are dismissed
ITA 277/VIZ/2018[2009-10]Status: DisposedITAT Visakhapatnam23 Apr 2019AY 2009-10
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.277/Viz/2018 (निर्धारण वर्ा/ Assessment Year:2009-10) Dy.Commissioner Of Vs. M/S V.D.M.Charitable Trust Income Tax (Exemptions) Bishop’S House Vijayawada Xavier Nagar Eluru [Pan : Aaatv5072F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Co No.14/Viz/2018 (Arising Out Of I.T.A.No.277/Viz/2018) (निर्धारण वर्ा/ Assessment Year:2009-10) M/S V.D.M.Charitable Trust Dy.Commissioner Of Bishop’S House Income Tax (Exemptions) Xavier Nagar Vijayawada Eluru [Pan : Aaatv5072F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) रधजस्व की ओर से /Revenue By : Smt Suman Malik, Dr निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar सुिवधई की तधरीख / Date Of Hearing : 15.04.2019 घोर्णध की तधरीख/Date Of Pronouncement : 23 .04.2019
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Smt Suman Malik, DR
Section 11Section 13Section 143Section 143(3)Section 147Section 263
reopened the assessment u/s 147 and accordingly passed order u/s 143(3) r.w.s. 147 of the Act by an order dated 14.12.2016 and raised the tax demand of Rs. 53,99,474/-.
5. Against the assessment order passed on 14.12.2016, the assessee went on appeal before the Ld.CIT(A)-2, Guntur and the Ld.CIT(A) held that, since, the ITAT