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Addition to Income9 Section 143(3)8 Section 1478 Section 271A6 Section 115 Undisclosed Income5 Section 404 Section 40A(2)4 Section 1324 Section 148

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, VISAKHAPATNAM vs. SUNRAY GREEN SPACE PRIVATE LIMITED, VISAKHAPATNAM

In the result, appeals of the revenue as well as the cross objections filed by the assessee are dismissed

ITA 273/VIZ/2018[2013-14]Status: DisposedITAT Visakhapatnam11 Dec 2019AY 2013-14

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.273/Viz/2018 & 274/Viz/2018 (निर्धारण वर्ा/Assessment Year : 2013-2014 & 2014-15) Asst.Commissioner Of Vs. M/S Sunray Green Income Tax Space Pvt. Ltd. Central Circle-1 D.No.10-50-40 Visakhapatnam Excelsior Apartments Ramnagar Visakhapatnam [Pan :Aaqcs 8494M] (प्रत्यर्थी/ Respondent) (अपीलार्थी/ Appellant) Cross Objection No.48/Viz/2018 & 49/Viz/2018 (Arising Out Of I.T.A.No.273/Viz/2018 & 274/Viz/2018) (निर्धारण वर्ा/Assessment Year : 2013-2014 & 2014-15) M/S Sunray Green Vs. Asst.Commissioner Of Space Pvt. Ltd. Income Tax D.No.10-50-40 Central Circle-1 Excelsior Apartments, Ramnagar Visakhapatnam Visakhapatnam [Pan :Aaqcs 8494M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri D.K.Sonowal, CIT, DR

Section 131Section 132Section 153ASection 271A

income @18% on gross contract receipts before depreciation. The AO has initiated the penalty u/s 271AAB and 271F of the Act. Subsequently, the AO completed the penalty proceedings levying penalty of Rs.60,00,000/- @30% on undisclosed

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, VISAKHAPATNAM vs. SUNRAY GREEN SPACE PRIVATE LIMITED, VISAKHAPATNAM

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, VISAKHAPATNAM vs. SUNRAY GREEN SPACE PRIVATE LIMITED, VISAKHAPATNAM

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, VISAKHAPATNAM vs. SUNRAY GREEN SPACE PRIVATE LIMITED, VISAKHAPATNAM

THE ACIT,, GUNTUR vs. SAI BHASKAR IRONS LIMITED,, GUNTUR

GUDLA ESWARA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS), VIJAYAWADA vs. KANDULA LAKSHUMMA MEMORIAL EDUCATIONAL SOCIETY, KADAPA

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. RAVINDRA BHARATHI EDUCATIONAL SOCIETY, NELLORE

VIKAS EDUCATRIONAL SOCIETY,,VISAKHAPATNAM vs. THE ITO, WARD - 3(2),, VISAKHAPATNAM

VIKAS EDUCATRIONAL SOCIETY,,VISAKHAPATNAM vs. THE ITO, WARD - 3(2),, VISAKHAPATNAM

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1),, GUNTUR vs. LAKSHMI CONSTRUCTIONS, , GUNTUR