BS LIMITED,HYDERABAD vs. ASST.COMISSIONER OF INCOME TAX, CIRCLE-2(3), HYDERABAD
In the result, appeal of the assessee is allowed for statistical purposes
ITA 2186/HYD/2017[2013-14]Status: DisposedITAT Hyderabad27 Apr 2018AY 2013-14
Bench: Shri D. Manmohan & Shri S. Rifaur Rahmanassessment Year: 2013-14
For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Deepak P. Ripote
Section 132Section 133(6)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 92B
bogus.
3.15.2. Erred in making proportionate disallowance of interest without appreciating the fact that the assessee has already offered profit and paid tax on the related purchases which is higher than certain percentage of the above expenditure which could have disallowed.
3.15.3. Ought to have appreciated the fact that the VAT/Service tax obligations have been duly complied with by assessee
