ITA Nos 116 and 117 of 2023 Pragati Green Meadows and Resorts Ltd

Parties Involved

Facts Summary

The assessee, Pragati Green Meadows and Resorts Ltd, filed its return of income for the A.Y 2018-19 on 29/10/2018 declaring total income of Rs.1,57,38,778/-. The return was processed and intimation was issued u/s 143(1) on 3/11/2019, determining the total income at Rs.11,88,29,960/- by making additions towards disallowance of agricultural income and belated payment of employees contribution to EPF and ESI. The case was selected for scrutiny and the order u/s 143(3) of the I.T. Act, 1961 was passed on 10/06/2021, assessing the total income at Rs.11,88,29,960/-. The assessee appealed against the order passed u/s 143(1) dated 3/11/2019 and the order passed u/s 143(3) of the Act, dated 10/06/2021. The CIT (A) partly allowed the appeal, setting aside the issue on additions towards agricultural income to the file of the Assessing Officer for verification, but confirmed the additions made towards belated payment of employees contribution to EPF/ESI.…

Legal Issues

• 1. addition towards agricultural income
• 2. addition towards belated payment of employee’s contribution to EPF/ESI

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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