ACN INFOTECH INDIA PRIVATE LIMITED,VISAKHAPATANAM vs. ACIT CIRCLE-1(1), VISAKHAPATANAM
In the result, the appeal of the assessee is allowed for statistical purpose
ITA 94/VIZ/2022[2017-2018]Status: DisposedITAT Visakhapatnam01 Dec 2022AY 2017-2018
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.94/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2017-18) Acn Infotech India Private Limited Vs. Asst.Commissioner Of 3A, Balajis Mangalagiri Chambers Income Tax Siripuram Circle-1(1) Visakhapatnam Visakhapatnam [Pan : Aafca7810A]
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri M.N.Murthy Naik, CIT(DR)
Section 10ASection 143(3)Section 1ASection 23Section 263
house property. The assessment was completed u/s 143(3) of the Income Tax Act,
1961 (in short ‘Act’) on 28.11.2019, accepting the income returned by the assessee. Under the powers vested with the Ld.PCIT, as per the provisions of section 263 of the Act, the assessment records were called for and examined. The Ld.PCIT observed that the assessee company claimed
