2022 (5) TMI 850

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....pondent : Shri G. Johnson (Addl. CIT) -Ld. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2013-14 arises out of the order of learned Commissioner of Income Tax (Appeals)-1, Coimbatore [CIT(A)] dated 07-12-2017 in the matter of assessment framed by Ld. Assessing Officer [AO] u/s.143(3) of the Act on 15-02-2016. The Ld. AR submitte....

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.... Kannathal N. Bhuvaneswari T. Kalyani 1. Pharmaceutical Retailing 2. Windmill Refer Page 2 11.03.2012 Deed of Reconstitution of old firm and name change as MDS Wind Farms (Formerly known as Meenakshi Distribution Service with PAN: AAOFM657 1E) AAOFM6571E V.Ramanathan V.Narayanan V.Chinniah T.Kalyani RM.Vasanthi N.Bhuvaneswari C.Kannathal 1. Pharmaceu....

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....g resident corporate entity was assessed u/s 143(3) on 15.02.2016. The assessee was engaged in the business of wind energy generation and sale. The assessee company was formed on 23.03.2012 and it claimed deduction u/s 80-IA for Rs.57.55 Lacs. However, Ld. AO denied the same on the allegation that the assessee did not fulfil the conditions of Sec.80-IA(3) as well as Sec.80-IA(5). Another issue tha....