ITAT Exceeded Jurisdiction by Admitting Additional Evidence Filed by Revenue: Telangana HC

Advertisement Nuziveedu Seeds Ltd. Vs Chief Commissioner of Income Tax (Telangana High Court) The appeals before the High Court arose from orders of the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, relating to assessment years 2012–13 and 2013–14. Both appeals involved the same assessee and common issues, and were therefore heard together and decided through a common judgment. The assessee, a public limited company engaged in the research, production, and sale of hybrid and open-pollinated seeds, filed returns declaring income under normal provisions and book profits under Sec...