THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM vs. POOSARLA SATYAVATHI, VIZIANAGARAM
In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous
ITA 117/VIZ/2021[2014-15]Status: DisposedITAT Visakhapatnam30 Oct 2024AY 2014-15
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 56(2)(viib)Section 68
viib) of the Income tax Act1961, ignoring the method of valuation prescribed under the law.
5. The learned CIT(A) failed to set off the unabsorbed loses of previous years carry forward in the assessment.
Page No. 4
I.T.A. No. 227/VIZ/2020
I.T.A. No. 117/VIZ/2021&
C.O. No. 13/VIZ/2023
M/s. Linton Projects Private Limited&
Smt. Poosarla Satyavathi
6. The appellant