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Tenant’s Purchases, Not Landlord’s: ITAT Dismisses Wrong Addition in Factory Lease Case

Case Law Details

Case Name
ACIT Vs Federal Agro Industries Pvt. Ltd. (ITAT Agra)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2020-21
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ACIT Vs Federal Agro Industries Pvt. Ltd. (ITAT Agra) Factory on Rent, Not Doing Business: Purchases Belong to Tenant, Not Landlord-Assessee Wrong- Cut Paste Addition Fails Assessee, Wrong Purchases: ITAT Agra Dismisses Revenue Appeals in Meat-Purchase Case Revenue challenged deletion of additions of ₹2,50,58,565/- made by AO treating purchases of ‘Raw Boneless Meat’ as bogus. Tribunal noted that AO had merely reproduced the enquiries, 133(6) replies, & allegations of round-tripping from the assessment of HMA Agro Industries Ltd, without establishing that Federal Agro itself made any...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,510

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