Court :
ITAT Visakhapatnam
Brief :
These appeals by the Revenue and the cross objections by the assessee are directed against the separate orders of Commissioner of Income Tax (Appeals)-3, Visakhapatnam, both dated 30/06/2020 for the Assessment Years 2016-17 & 2017-18. Since facts and the issues are common in both the appeals, they are clubbed and heard together and disposed of by way of this consolidated order.
Citation :
ITA 184/VIZ/2020
IN THE INCOME TAX APPELLATE TRIBUNAL
VISAKHAPATNAM BENCH, VISAKHAPATNAM
(Through web-based video conferencing platform)
BEFORE SHRI V. DURGA RAO, HON’BLE JUDICIAL MEMBER &
SHRI D.S. SUNDER SINGH, HON’BLE ACCOUNTANT MEMBER
I.T.A. Nos. 183 & 184/VIZ/2020
(Asst. Years : 2016-17 & 2017-18)
The ACIT, Central Circle-2, Guntur.
(Appellant)
vs.
M/s. Khan Mohammed Diamonds & Jewellery Pvt. Ltd., D.No. 5-37-221(A), 4th Lane, Brodipet, Guntur.
PAN No. AACCK 6467 A
(Respondent)
C.O.Nos. 18 & 19/VIZ/2020
(Arising out of I.T.A. Nos. 183 & 184/VIZ/2020)
(Asst. Years : 2016-17 & 2017-18)
M/s. Khan Mohammed Diamonds & Jewellery Pvt. Ltd., D.No. 5-37-221(A), 4th Lane, Brodipet, Guntur.
(Applicant)
vs.
The ACIT, Central Circle-2, Guntur.
PAN No. AACCK 6467 A
(Respondent)
Assessee by : Shri M.V. Prasad, CA.
Department By : Shri D.K. Sonawal, CIT-DR
Date of hearing : 26/11/2020.
Date of pronouncement : 23/12/2020.
O R D E R
PER BENCH:
These appeals by the Revenue and the cross objections by the assessee are directed against the separate orders of Commissioner of Income Tax (Appeals)-3, Visakhapatnam, both dated 30/06/2020 for the Assessment Years 2016-17 & 2017-18. Since facts and the issues are common in both the appeals, they are clubbed and heard together and disposed of by way of this consolidated order.
2. All the grounds of appeal are related to the income estimated by the AO which was deleted by the ld. CIT(A).
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