DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. RAVINDRA BHARATHI EDUCATIONAL SOCIETY, NELLORE
In the result, appeal of the Revenue is dismissed
ITA 160/VIZ/2022[2018-19]Status: DisposedITAT Visakhapatnam23 May 2023AY 2018-19
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.160/Viz/2022 ("नधा"रणवष"/ Assessment Year : 2018-19) The Deputy Commissioner Of Vs. M/S. Ravindra Bharathi Income Tax, Educational Society, Central Circle-1, D.No.23/812, Ravindra 3Rd Floor, Raj Kamal Complex, Bharathi Bhavan, Lakshmipuram, Guntur. Fathekhanpet, Nellore, Andhra Pradesh-524003. Pan: Aaaar 2715 E (अपीलाथ"/ Appellant) (""यथ"/ Respondent) C.O. No. 21/Viz/2022 (आयकरअपीलसं./ I.T.A. No.160/Viz/2022) ("नधा"रणवष"/ Assessment Year :2018-19 ) M/S. Ravindra Bharathi Vs. The Deputy Commissioner Of Educational Society, Income Tax, D.No.23/812, Ravindra Bharathi Central Circle-1, Bhavan, Fathekhanpet, Nellore, 3Rd Floor, Raj Kamal Complex, Andhra Pradesh-524003. Lakshmipuram, Guntur. Pan: Aaaar 2715 E ( Cross Objector) (""थ"/ Respondent) अपीलाथ"क"ओरसे/ Assessee By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Revenue By : Sri On Hari Prasada Rao, Sr. Ar सुनवाईक"तार"ख/ Date Of Hearing : 06/04/2023 घोषणाक"तार"ख/Date Of : 23/05/2023 Pronouncement
For Appellant: Sri M.V. Prasad, ARFor Respondent: Sri ON Hari Prasada Rao
Section 12ASection 133ASection 142(1)Section 143(2)Section 144Section 147Section 148
reopening of
the assessment for the AY 2018-19. The Ld. AR also referred to
the Hon’ble Supreme Court decision in the case of Pullangode
Rubber Producer Co. Ltd vs. CIT (supra) wherein it has been held
that “even though an admission is an extremely important piece of
evidence, it cannot be said to be a conclusive”. Further
