THE ITO,, GUNTUR vs. SRI MAVVA NAGI REDDY,, GUNTURU DISTT.
In the result, the appeal filed by the revenue is allowed for statistical purpose and cross objection filed by the assessee is dismissed
ITA 212/VIZ/2017[2008-2009]Status: DisposedITAT Visakhapatnam18 Jul 2018AY 2008-2009
Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.212/Viz/2017 (धििाारण िर्ा/Assessment Year:2008-09) The I.T.O., Ward-1(3) Vs. Sri Muvva Nagi Reddy Guntur Prop.Balaji Medicinal & Aromatic Products, Gollamudivari Street, Sattenapalli (Po&Mdl) Guntur Dist. [Pan : Akopm1107A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Co.No.87/Viz/2017 (Arising Out Of I.T.A.No.212/Viz/2017) (धििाारण िर्ा/Assessment Year:2008-09) Sri Muvva Nagi Reddy Vs. The I.T.O., Ward-1(3) Prop.Balaji Medicinal & Aromatic Guntur Products, Gollamudivari Street, Sattenapalli (Po&Mdl) Guntur Dist. [Pan : Akopm1107A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) राजस्व की ओर से/ Revenue By : Shri Djp Anand, Dr निर्ााररती की ओर से/ Assessee By : Shri C.Subrahmanyam, Ar सुिवाई की तारीख / Date Of Hearing : 10.07.2018 18 .07.2018 घोषणा की तारीख/Date Of Pronouncement :
For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Shri DJP Anand, DR
Section 143(3)Section 40A(3)
section 40A(3) applies to the assessee’s case or not. In view
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I.T.A No.212/Viz/2017 and CO No.87/Viz/2017
Muvva Nagi Reddy, Guntur
of the above, we set aside the order passed by the LdCIT(A) and direct the AO to decide the issue denovo in accordance with law after giving reasonable opportunity to the assessee.
7. In view