ITAT Visakhapatnam Judgments — June 2022

The Tribunal found merit in the assessee's arguments regarding the DVO's valuation and the reliefs granted by the CIT(A). The Tribunal upheld the CIT(A)'s decision on several grounds, including the exclusion of certain construction costs, acceptance of invoices for lifts and transformers, and allowing rebates for self-supervision and rate differences.

The Tribunal held that the addition of unaccounted sales was not required as the sales were already accounted for in the books. It also held that taxing the gross profit on these sales would amount to double taxation.

The Tribunal allowed the assessee to withdraw its appeals as the assessee stated that the issues were being contested in regular appeals. The appeals were dismissed as withdrawn.

The Tribunal allowed the assessee to withdraw its appeals as the assessee stated that the issues were being contested in regular appeals. The appeals were dismissed as withdrawn.