2020 (7) TMI 440

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....ar, SSC & Ms. K.G. Usharani, JSC For Respondent : Mr. A.S. Sriraman Judgment was delivered by T.S. SIVAGNANAM,J   We have heard Mr.T.R.Senthilkumar, learned Senior Standing Counsel and Ms.K.G.Usharani, learned Junior Standing Counsel appearing for the appellant - Revenue and Mr.A.S.Sriraman, learned counsel appearing for the respondent - assessee. With consent of the learned counsel ....

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....ompleted by the Assessing Officer under Sections 143(3) and 147 of the Income Tax Act, 1961 (for short, the Act) by order dated 31.12.2009. Subsequently, the assessment was reopened by the Assessing Officer under Sections 143(3) and 147 of the Act, which culminated in the order of assessment dated 30.12.2011. Aggrieved by the same and more particularly the expenses incurred on the cost of construc....

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....unsel for the respondent - assessee, we are of the considered view that the reasons assigned by the Tribunal for dismissing the appeal filed by the Revenue are perfectly justified. The Tribunal took note of the fact that the respondent - assessee filed computation statement along with the original assessment, which showed the expenditure on construction of building on lease hold land/building and ....