ANDHRA PRADESH CAPITAL REGION DEVELOPMENT AUTHORITY,,VIJAYAWADA vs. ACIT, CIRCLE-3(1),, VIJAYAWADA
In the result, appeal filed by the assessee is partly allowed
ITA 394/VIZ/2017[2008-2009]Status: DisposedITAT Visakhapatnam04 Oct 2019AY 2008-2009
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleandhra Pradesh Capital Vs. Acit, Circle-3(1), Region Development Authority Vijayawada. (Formerly Vgtm Urban Development Authority), Uda Complex, Lenin Centre, Governorpet, Vijayawada. Pan No. Aaalv 0067 E (Appellant) (Respondent)
For Appellant: Shri S. Rama Rao, AdvFor Respondent: Shri T.S.N. Murthy, Sr.DR
Section 142(1)Section 143(2)Section 143(3)Section 147Section 148Section 3
reassess the escapement of income after four years, the Assessing Officer has to establish that there is a failure on the part of the assessee to disclose fully and truly all the material facts necessary to complete the assessment. In this case, the Assessing Officer has raised an objection in respect of sinking
(A.P. Capital Region Development Authority)
funds
