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
147
it is clear that there should a „reason‟ and „belief‟ and such reasons must be recorded. The assessee must have disclosed fully and truly all material facts necessary for his assessment for that (A.P. Capital Region Development Authority)
assessment year. Here in the case on hand, the then Assessing
Officer has rightly recorded his reasons believed. Basing
