Appellate Tribunal rules for assessee in ITA No.145/Coch/2014, dismissing revenue's appeal in ITA No.295/Coch/2014.

The Appellate Tribunal ITAT Cochin ruled in favor of the assessee in ITA No.145/Coch/2014, dismissing the appeal of the revenue in ITA No.295/Coch/2014. The Third Member concurred with the Judicial Member on matters concerning additions under section 40A(3) of the Act and suppression of rice yield/production. The decision was issued on May 7, 2015.

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The Appellate Tribunal ITAT Cochin ruled in favor of the assessee in ITA No.145/Coch/2014 and dismissed the appeal of the revenue in ITA No.295/Coch/2014. The Third Member agreed with the view of the Judicial Member on issues related to additions made under section 40A(3) of the Act and suppression of yield/production of rice. The decision was pronounced on May 7, 2015.

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