In the result, appeal filed by the Revenue is allowed for statistical purpose and the Cross objection filed by the assessee is dismissed
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bledcit, Circle-1(1), Vs. M/S. Kwality Feeds Ltd., Vijayawada. No.3/57, Ramanapudi, Gudivada Rural Mandal, Krishna District. Pan No. Aaack 9357 P (Appellant) (Respondent) C.O.No.17/Viz/2015 ( Arising Out Of Ita No. 26/Viz/2015) (Asst. Year : 2011-12) M/S. Kwality Feeds Ltd., Vs. Dcit, Circle-1(1), No.3/57, Ramanapudi, Vijayawada. Gudivada Rural Mandal, Krishna District. Pan No. Aaack 9357 P (Appellant) (Respondent)
115J of the Income Tax Act, 1961 (hereinafter referred to as "Act"). Return filed by the assessee was processed under section 143(1) of the Act. Later on, Assessing Officer has issued notice under section 143(2) and also 142(1) and called explanation and accordingly assessment was completed under section 143(3) of the Act. 3. During the course