DEPUTY COMMSSIONER OF INCOME TAX, VISAKHAPATNAM vs. VISAKHAPATNAM PORT AUTHORITY, VISAKHAPATNAM

ITA 103/VIZ/2025Status: DisposedITAT Visakhapatnam27 June 2025AY 2017-18Bench: SHRI RAVISH SOOD, HON'BLE (Judicial Member), SHRI S BALAKRISHNAN, HON'BLE (Accountant Member)19 pages
AI SummaryDismissed

What did the Tribunal hold?

The Tribunal held that the issue of depreciation on capital dredging was decided against the assessee in its own case for AY 2010-11, and thus the assessee's ground regarding depreciation was dismissed. The Tribunal also dismissed the revenue's grounds regarding disallowance of provision for interest on government loan and depreciation on railway permanent way, following previous decisions.

What were the facts?

The Visakhapatnam Port Authority filed its return declaring Nil income. The Assessing Officer made several additions and disallowances, leading to a total income of Rs. 169.83 crores. The CIT(A) partly allowed the assessee's appeal.

What were the issues?

The key issues involved depreciation on capital dredging and railway permanent way, and disallowance of provision for interest on government loans.

Which sections of the Income-tax Act were involved?

Section 143(3),Section 36(1),Section 43B

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Cases cited in this judgment(11)Show list

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Heard together (2 matters)

I.T.A.No.100/VIZ/2025
I.T.A.No.103/VIZ/2025

Read from the judgment's own cause title. This page is filed under one of them.

आयकर अपीलीय अधिकरण, धिशाखापटणम पीठ, धिशाखापटणम IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM “DIVISION” BENCH, VISAKHAPATNAM (HYBRID HEARING) श्री रिीश सूद ,न्याधयक सदस्य एिं श्री एस बालाकृष्णन, लेखा सदस्य के समक्ष BEFORE SHRI RAVISH SOOD, HON’BLE JUDICIAL MEMBER & SHRI S BALAKRISHNAN, HON’BLE ACCOUNTANT MEMBER आयकर अपीलसं./I.T.A.No.100/VIZ/2025 (निर्धारण वर्ा/ Assessment Year: 2017-18)

VisakhapatnamPortAuthority Vs.

TheAsst.CIT -Circle-1(1)

Administrative Office Building 4 th Floor, Prathyakshkar Bhavan Port Area, Visakhapatnam 530001 MVP Road, Beside Post Office Andhra Pradesh-530001. Sector-8, MVP Colony Visakhapatnam – 530017 [PAN:AAALV0035C] AndhraPradesh (अपीलधर्थी/Appellant) (प्रत्यर्थी/Respondent) आयकर अपीलसं./I.T.A.No.103/VIZ/2025 (निर्धारण वर्ा/ Assessment Year: 2017-18)

Visakhapatnam – 530014 [PAN:AAALV0035C] AndhraPradesh (अपीलधर्थी/Appellant) (प्रत्यर्थी/Respondent) करदाता का प्रतततितित्व/ Assessee Represented by : Shri GVN Hari, Advocate राजस्व का प्रतततितित्व/ Departm

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