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1 result for “condonation of delay”+ Section 56(2)(viib)clear

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Key Topics

Section 2635Section 143(3)2

NAGARJUNA HOSPITALS PRIVATE LIMITED,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA

In the result, appeal of the assessee is dismissed

ITA 186/VIZ/2021[2015-16]Status: DisposedITAT Visakhapatnam23 Aug 2022AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.186/Viz/2021 (ननधधारण वर्ा / Assessment Year : 2015-16) M/S Nagarjuna Hospitals Pvt. Ltd Vs. Asst.Commissioner Of D.No.8-102 Income Tax Kanuru, Vijayawada Circle-1(1) Vijayawada [Pan : Aaacn7476J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Shri M.N.Murthy Naik, CIT(DR)
Section 143(2)Section 143(3)Section 263Section 56(2)(viib)

condone the delay and admit the appeal for hearing. 2. Brief facts of the case are that the assessee is a private limited company engaged in running hospital, e-filed it’s return of income for the A.Y.2015-16 on 29.09.2015, admitting total income of Rs.1,45,36,030/-. Subsequently, the case was selected for scrutiny and statutory notices