ANDHRA PRADESH POWER FINANCE CORPORATION LIMITED ,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(2), HYDERABAD
In the result, appeal of the assessee is allowed for statistical purposes
ITA 1805/HYD/2018[2013-14]Status: DisposedITAT Hyderabad30 Jan 2019AY 2013-14
Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Years: 2013-14 Andhra Pradesh Power Vs. Income-Tax Officer, Finance Corporation Ltd., Ward – 1(2), Hyderabad. Vijayawada. Pan – Aadca0857D Appellant Respondent Assessee By: Shri A.V. Raghuram Revenue By: Shri K. Mohan Reddy Date Of Hearing: 15/01/2019 Date Of Pronouncement: 30/01/2019 O R D E R Per S. Rifaur Rahman, Am:
For Appellant: Shri A.V. RaghuramFor Respondent: Shri K. Mohan Reddy
Section 10Section 12ASection 143(2)Section 143(3)Section 40Section 80G
260/-.
2.1 During the assessment proceedings, the Assessing Officer noticed that an amount of Rs.1,55,28,618l- was expended by
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I.T.A. No. 1805/Hyd/18
AP Power Finance Corporation Ltd., Vijayawada the assessee towards interest on application money and was paid to various trusts and organisations. The assessee has collected the money from the borrowers and kept
