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2 results for “section 68”+ Section 10Bclear

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Key Topics

Section 80P12Section 1447Section 142(1)5Section 80P(2)(a)4Section 139(1)3Section 80A(5)3Section 139(4)2Section 1392Deduction2

NARASIMHA RAO PALEM PRIMARY AGRICULTURAL CREDIT SOCIETY LTD,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-3(3), VIJAYAWADA

In the result, appeal filed by the assessee is dismissed

ITA 211/VIZ/2023[2017-18]Status: DisposedITAT Visakhapatnam20 May 2025AY 2017-18

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.211/Viz/2023 (धनिाारण िर्ा / Assessment Year : 2017-18) The Narasimha Rao Palem Vs. Income Tax Officer, Primary Agricultural Credit Ward-3(3), Society Limited, Vijayawada. Krishna District – 521214. Pan: Aacat7998M (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थी की ओर से/ Assessee By : Shri C. Subrahmanyam, Ca प्रत्यार्थी की ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar सुनिाई की तारीख / Date Of Hearing : 07/05/2025 घोर्णा की तारीख/Date Of : 20/05/2025 Pronouncement O R D E R

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 139(1)Section 139(4)Section 142(1)Section 144Section 250oSection 69ASection 80A(5)
Addition to Income2
Section 80P
Section 80P(2)(a)

68 taxmann.com 298 (Kerala) and in this process, overlooked the judicial precedence set by the judiciary that where there are two views of judicial on the same issue, the view in favour of the assessee is to be considered. The Ld. CIT(A) himself being aquasi- judicial authority deviated himself from the precedence set by the higher judicial authority

THE VATSAVAI PRIMARY AGRICULTURAL COOPERATIVE CREDIT SOCIETY LIMITED,VATSAVAI vs. INCOME TAX OFFICER, WARD 1(3), VIJAYAWADA

In the result, appeal of the assessee is dismissed

ITA 220/VIZ/2021[2017-18]Status: DisposedITAT Visakhapatnam23 Aug 2022AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri C. Subrahmanyam, CAFor Respondent: Sri ON Hari Prasadarao, Sr. AR
Section 139Section 139(1)Section 139(4)Section 144Section 154Section 80ASection 80A(5)Section 80PSection 80P(2)(a)

68 taxmann.com 298 and also the decision of the Hon’ble Madras High Court in the case of CIT vs. Sri Vasavi Gold & Bullion Pvt Ltd reported in [2021] 125 taxmann.com 344 (Madras). Per contra, the Ld. DR submitted that the assessee has never filed its return of income in order to claim deduction