ASST.COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD vs. ARAGEN LIFE SCIENCES LIMITED, HYDERABAD
ITA 483/HYD/2023[2017-18]Status: DisposedITAT Hyderabad27 May 2024AY 2017-18
Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.483/Hyd/2023 (िनधा"रण वष" / Assessment Year: 2017-18) A.C.I.T. Vs. Aragen Life Sciences Ltd Circle 2(1) Hyderabad Hyderabad Pan: Aabcg3208J (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri S.P. Chidambaram राज" व "ारा/Revenue By:: Shri Meghnadh Chowhan,Dr सुनवाई की तारीख/Date Of Hearing: 21/05/2024 घोषणा की तारीख/Pronouncement: 27/05/2024
For Appellant: Shri S.P. ChidambaramFor Respondent: : Shri Meghnadh Chowhan,DR
Section 115JSection 139(1)Section 143(2)
gain of the assessee company and therefore, the learned CIT (A) NFAC was wrong in deleting the addition made by the Assessing Officer and deleting it after treating it as ascertained liability.
7. Per contra, the learned AR submitted that the assessee in its P&L Account has reduced the unsecured and doubtful loans from the balance sheet
