2016 (5) TMI 1564 - AT - Income Tax

Interest income of DRDO and ISRO from two departments of Government of India added by AO in the income of the appellant company - CIT-A deleted the addition - addition made by the AO be deleted and justice be rendered to the appellant - HELD THAT - The above ground is vague and does not have any specific prayer for adjudication. Hence, these appeals filed by the assessee are dismissed with liberty to file fresh appeal or file a Miscellaneous Petition with revised grounds of appeal. It is ordered accordingly. The three appeals filed by the assessee are dismissed.

Summary

The Appellate Tribunal ITAT Cochin dismissed three appeals by the assessee against the order of the CIT(A), Trivandrum dated 06/01/2016. The appeals were regarding the deletion of interest income of DRDO and ISRO added by the Assessing Officer. The appeals were dismissed due to vague grounds and lack of specific prayer for adjudication. The order was pronounced on 05/05/2016.