ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE - 1,, VISAKHAPATNAM vs. M/S. NEKKANTI SEA FOODS LTD.,, VISAKHAPATNAM
In the result, appeal of the Revenue is dismissed
ITA 158/VIZ/2022[2018-19]Status: DisposedITAT Visakhapatnam17 Mar 2023AY 2018-19
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.158/Viz/2022 ("नधा"रणवष"/ Assessment Year: 2018-19) Assistant Commissioner Of Vs. Nekkanti Sea Foods Income Tax, Limited, Central Circle-1, Visakhapatnam. Visakhapatnam. Pan: Aaacn 46664 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Assessee By : Sri Pawan Chakrapani ""याथ"क"ओरसे/ Revenue By : Sri Mn Murthy Naik, Cit- Dr सुनवाईक"तार"ख/ Date Of Hearing : 08/03/2023 घोषणाक"तार"ख/Date Of : 17/03/2023 Pronouncement O R D E R
For Appellant: Sri Pawan ChakrapaniFor Respondent: Sri MN Murthy Naik, CIT-
Section 127Section 143(1)Section 143(2)Section 143(3)Section 28Section 80I
11A) of
the Act amounting to Rs. 73,58,97,729/- on the net profits derived
from J. Timmapuram Unit. The Ld. AO found that the above net
profit included other operating revenue such as Duty Draw Back of
Rs. 10,59,37,013/- and sale of licenses of Rs. 28,16,55,312/-. The
Ld. AO therefore issued
