Income Tax Officer, Ward-1, Kurnool Kurnool Seeds Pvt Limited , Kurnool

Last updated: 13 July 2021

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Quick Summary

This case involves an appeal by the Income Tax Officer, Ward 1, Kurnool, against M/s. Kurnool Seeds Pvt. Ltd. for the assessment year 2010-11. The appeal challenges the Commissioner of Income Tax (Appeals) order which deemed the reopening of the assessment unsustainable in law. Both the Revenue and the assessee presented their arguments before the Income Tax Appellate Tribunal.

Court :
ITAT Hyderabad

Brief :
This Revenue’s appeal 1744/Hyd/2018 along with assessee's cross objection 2/Hyd/2021 therein arise from the CIT(A), Kurnool’s order dt.18.06.2018 in case No.10122/ CIT(A)/KNL/2017-18 involving proceedings u/s. 143(3) of the Income Tax Act, 1961 ('the Act'). Heard both the parties. Case files perused.

Citation :
ITA No.1744/Hyd/2018

IN THE INCOME TAX APPELLATE TRIBUNAL
HYDERABAD ‘ A ‘ BENCH, HYDERABAD.

BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND
SHRI L. P. SAHU, ACCOUNTANT MEMBER
(Through Virtual Hearing)
ITA No.1744/Hyd/2018
(Assessment Year : 2010-11)

Income Tax Officer,
Ward 1, Kurnool. …..Appellant.

Vs.

M/s. Kurnool Seeds Pvt. Ltd.,
Kurnool. …..Respondent.
PAN AACCK3170G

C.O. No.2/Hyd/2021
ITA No.1744/Hyd/2018
(Assessment Year : 2010-11)
(By Assessee)

Appellant By : Shri Rohit Majumdar (D.R)
Respondent/C.O. By : Shri T.Rajendra Prasad, C.A.

Date of Hearing : 10.06.2021.
Date of Pronouncement : 01.06.2021.

O R D E R

Per Shri S.S. Godara, J.M. :

This Revenue’s appeal 1744/Hyd/2018 along with assessee's cross objection 2/Hyd/2021 therein arise from the CIT(A), Kurnool’s order dt.18.06.2018 in case No.10122/ CIT(A)/KNL/2017-18 involving proceedings u/s. 143(3) of the Income Tax Act, 1961 ('the Act'). Heard both the parties. Case files perused.

2. Coming to the Revenue’s appeal 1744/Hyd/2018 challenging correctness of the order of the CIT(A)’s order terming the impugned reopening as not sustainable in law, both the learned representatives took us to the lower appellate findings reading as under :

To know more in details find the attachment file

FAQ :

The main subject is the Income Tax Officer's appeal against Kurnool Seeds Pvt. Ltd. regarding the assessment year 2010-11, specifically challenging the validity of the assessment reopening.

The assessment year concerned in this case is 2010-11.

The parties involved are the Income Tax Officer, Ward 1, Kurnool (Appellant) and M/s. Kurnool Seeds Pvt. Ltd., Kurnool (Respondent).

The Revenue is challenging the CIT(A)'s order which held that the impugned reopening of the assessment was not sustainable in law.