SARADAMBIKA POWER PLANT (P) LTD, SRIKAKULAM,SRIKAKULAM vs. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-3(1), VISAKHAPATNAM
In the result, the appeal by the assessee is allowed
ITA 281/VIZ/2025[2010-11]Status: DisposedITAT Visakhapatnam27 Oct 2025AY 2010-11
Bench: Shri Balakrishnan Sshri Sandeep Singh Karhailsaradambika Power Plant (P) Ltd., Plot No.15, Konna Street, Radha Krishna Nagar Colony, Srikakulam. Andhra Pradesh - 532001 ............... Appellant Pan: Aajcs5970R V/S Assistant Commissioner Of Income Tax, Circle – 3(1), ……………… Respondent Visakhapatnam
For Appellant: Shri GVN Hari, AdvocateFor Respondent: Dr. Aparna Villuri, Sr.DR
Section 143(3)Section 147Section 250Section 271(1)(c)Section 274Section 3Section 40A(3)Section 43B
250 of the Income-tax Act, 1961
(“the Act”), by the learned Commissioner of Income Tax (Appeals), National
Faceless Appeal Centre, Delhi [“learned CIT(A)”], which in turn arose from the penalty order dated 23.02.2022 passed under section 271(1)(c) of the Act, for the assessment year 2010-11. 2. In this appeal, the assessee has raised the following