PROGRESSIVE CONSTRUCTIONS LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER INCOME TAX-16(2) , HYDERABAD
In the result, the appeal of the assessee is treated as allowed for statistical purposes
ITA 298/HYD/2024[2018-2019]Status: DisposedITAT Hyderabad04 Jul 2024AY 2018-2019
Bench: Shri Laliet Kumar, Hon’Ble & Shri Madhusudan Sawdiaassessment Year: 2018-19 Progressive Constructions Vs. The Deputy Commissioner Of Income Tax, 16(2), Limited, Hyderabad. #7Th Floor, Raghava North Block, Raghava Ratna Towers, Chirag Ali Lane, Abids – 500001, Hyderabad. Pan : Aabcp2274M (Appellant) (Respondent) Assessee By: Shri Pawan Kumar Chakrapani, Ca. Revenue By: Ms. Th Vijaya Lakshmi, Cit-Dr Date Of Hearing: 02.07.2024 Date Of Pronouncement: 04.07.2024
For Appellant: Shri Pawan Kumar ChakrapaniFor Respondent: Ms. TH Vijaya Lakshmi, CIT-DR
Section 143(3)Section 36
section 36[1][vii] of the Act, under the facts and circumstances of the case.
5. Whether the learned Authorities below are correct in disallowing the bad debts claimed by the Appellant on percentage on the basis of increase in turnover, under the facts and circumstances of the case.
6. Whether the learned Authorities below are justified in disallowing
