Back
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
P.SAM KOSHY, SUDDALA CHALAPATHI RAO
Nuziveedu Seeds Ltd. – Appellant
Versus
Chief Commissioner Of Income-Tax – Respondent
JUDGMENT :
Suddala Chalapathi Rao, J.
1. The instant appeals have been filed challenging the orders passed by the Income Tax Appellate Tribunal, Hyderabad Bench-A (for short ‘the learned ITAT’) in ITA.No.1463/HYD/2017 and ITA.No.1464/HYD/2017, both dt.31.05.2022 relating to the assessment years 2012-13 and 2013-14, respectively.
2. As both appeals emanate from proceedings concerning the same assessee and raise common issues, though pertaining to two different assessment years, they are analogously heard and are being disposed of by this common judgment.
THE BRIEF FACTS:
3. The appellant-company is a public limited company engaged in the research, production, and sale of hybrid seeds and open-pollinated seed varieties of various crops. The appellant filed its return for the assessment years 2012-13 admitting a total income of Rs.17.778 crores under the normal provisions and book profit of Rs.14.74 crores under Section 115JB, and for the assessment year 2013-14, it admitted a total income of Rs.43.64 crores under the normal provisions and book profit of Rs.40.92 crores under Section 115JB.
4. The Assessing Authority passed separate assessment orders on 30.03.2015 for both the assessment ye
The Income Tax Appellate Tribunal exceeded its jurisdiction by allowing revenue to submit additional evidence without a proper basis under Rule 29, which prohibits parties from independently introduc....
The appellate tribunal must allow additional evidence if deemed necessary for just disposal, and failure to record specific findings on such necessity constitutes legal error.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
