Prabhat Corporation, RAJKOT-GUJARAT V. The Assistant Commissioner of Income Tax, Circle-2, RAJKOT-GUJARAT

CO 53/RJT/2011

• Counselvise Citation: [2013] 122 COUNSELVISE.COM (IT) 8254 (ITAT-RAJKOT)
• Duration Of Justice: 1 year(s) 4 month(s) 23 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 11-01-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 09-01-2013
• Assessment Year: 2008-2009
• Appeal Filed On: 19-08-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

C.O.NO.53/RAJ/2011 IN ITA NO.310/RJT/2011 6 THE LD. CIT(A) INVOKED THE PROVISIONS OF SECTION 40A(2) OF THE ACT AND RESTRICTED THE ADDITION OF RS.77,03,070/ - TO RS .3,69,105/ - . KEEPING IN VIEW THE PROVISIONS CONTAINED IN SECTION 145(3) OF THE ACT AND THE PROVISIONS CONTAINED U/S 40A(2) OF THE ACT, THE VIEW TAKEN BY THE LD. CIT(A) IN DIRECTIN G THE AO TO REDUCE THE TOTAL INCOME TO RS.3,69,105/ - IS FAIR AND REASONABLE. WE, THEREFORE, DECLINE TO INTERFERE IN THE ORDER OF THE LD. CIT(A). 7 . IN THE RESULT, THE APPEAL OF THE REVENUE AND CROSS - OBJECTION BY THE ASSESSEE ARE DISMISSED. T HIS O RDER IS PRONOUNCED IN THE O PEN COURT ON THE DATE MENTIONED HEREINABOVE. SD SD ( . . / D. K. SRIVASTAVA) ( . . / T. K. SHARMA) / ACCOUNTANT MEMBER / JUDICIAL MEMBER / ORDER DATE 11 . 1. 2013 . /RAJKOT SRL / COPY OF ORDE R FORWARDED TO: - 1. / APPELLANT - 2. / RESPONDENT - 3. / CONCERNED CIT , JAMNAGAR. 4. - / CIT (A) , JAMNAGAR. 5. , , / DR, ITAT, RAJKOT 6. / GUAR D FILE. / BY ORDER , TRUE COPY SENIOR PRIVATE SECRETARY INCOME TAX APPELLATE TRIBUNAL, RAJKOT.