CONCERD DRUGS LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD
In the result, the appeal of assessee is treated as allowed for statistical purposes, as indicated herein above
ITA 901/HYD/2018[2014-15]Status: DisposedITAT Hyderabad04 Oct 2019AY 2014-15
Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamonyassessment Year: 2014-15 M/S. Concord Drugs Limited, Vs. Dcit, Hyderabad. Circle-1(2), Pan: Aaacc 8171 D Hyderabad. (Appellant) (Respondent) Assessee By: Sri P. Murali Mohan Rao Revenue By: Smt Nivedita Biswas, Dr Date Of Hearing: 27/08/2019 Date Of Pronouncement: 04/10/2019 Order Per A. Mohan Alankamony, Am.:
For Appellant: Sri P. Murali Mohan RaoFor Respondent: Smt Nivedita Biswas, DR
Section 143(3)Section 250(6)Section 251(1)Section 37(1)
bogus. Accordingly, the Ld.AO added the same to the income of the assessee, disallowing the expenditure u/s.37(1) of the Act.
5. On appeal, the assessee explained before the Ld.CIT(A) that the assessee had erroneously disclosed incorrect names of its Sundry
Creditors before the Ld.AO. Thereafter, the assessee submitted the invoices with respect to the purchases made for Rs.10
