DRS EDUCATIONAL SOCIETY ,HYDERABAD vs. INCOME TAX OFFICER, WARD-10(1), HYDERABAD
In the result, the appeal of the assessee is allowed for statistical purposes as indicated hereinabove
ITA 261/HYD/2019[2015-16]Status: DisposedITAT Hyderabad19 Nov 2019AY 2015-16
Bench: Shri A. Mohan Alankamonyassessment Year: 2015-16 Drs Educational Society, Vs. Income Tax Officer, Hyderabad. Ward-10(1), Pan: Aaatd 4737 D Hyderabad. (Appellant) (Respondent) Assessee By: Shri Venkatesh For M.V. Anil Kumar Revenue By: Shri Nilanjan Dey – Dr Date Of Hearing: 19/11/2019 Date Of Pronouncement: 19/11/2019 Order
For Appellant: Shri Venkatesh for M.V. AnilFor Respondent: Shri Nilanjan Dey – DR
Section 143(3)Section 250Section 250(6)Section 28Section 40
section 28 to 43C are not applicable, therefore the disallowance of Rs. 1,73,690 U/s. 40(a)(ia) of the Act is bad in law.
6. Your appellant submits that the NBFCs have filed the return of income and paid taxes therefore disallowance U/s. 40(a)(ia) is not warranted.
7. Your appellant submits for these and such other
