Texcity Construction Kovai (P) Limited, Coimbatore V. ITO, Coimbatore

ITA 698/CHNY/2012

• Counselvise Citation: [2013] 120 COUNSELVISE.COM (IT) 1072 (ITAT-CHENNAI)
• Duration Of Justice: 11 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-03-2013
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: A
• Next Hearing Date: 11-03-2013
• Assessment Year: 2008-2009
• Appeal Filed On: 03-04-2012
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI BEFORE DR. O.K. NARAYANAN,VICE-PRESID ENT AND SHRI VIKAS AWASTHY, JUDICIAL MEM BER ITA NO.698/MDS/2012 (ASSESSMENT YEAR: 2008-09) M/S.TEXCITY CONSTRUCTION KOVAI (P) LTD. C/O. MR.ANANDD BABUNATH, CA 5(4) RAMA NAICKEN STREET, 2 ND FLOOR, NUNGAMBAKKAM. CHENNAI-600 034. PAN: AACCT2830J VS. INCOME TAX OFFICER, COMPANY WARD I, 63, RACE COURSE ROAD, COIMBATORE-641 018. (APPELLANT) (RESPONDENT) APPELLANT BY : MR. PAWAN KUMAR CHAKRAPA NI, CA RESPONDENT BY : MR. SHAJI P.JACOB, ADDL. CIT DATE OF HEARING : 11 TH MARCH, 2013 DATE OF PRONOUNCEMENT : 11 TH MARCH, 2013 O R D E R PER VIKAS AWASTHY, JM: THE APPEAL HAS BEEN FILED BY THE ASSESSEE IMPUGNIN G THE ORDER OF THE CIT(A)-I, COIMBATORE DATED 24.01.2 012. 2. THE BRIEF FACTS OF THE CASE ARE THAT ASSESSEE I S A COMPANY ENGAGED IN LAND FILLING ACTIVITIES. SUBSTAN TIAL AMOUNT OF EXPENDITURE OF THE ASSESSEE IS TOWARDS PAYMENT O F LABOUR. THE ASSESSEE FILED ITS RETURN OF INCOME FOR THE ASS ESSMENT YEAR 2008-09 ON 29.09.2008 ADMITTING TOTAL INCOME O F