DCIT, CIRCLE-1(1), HYD, HYDERABAD vs. AP TOURISM DEVELOPMENT CORPORATION LTD., HYD, HYDERABAD
In the result both the appeals of the assessee as well as revenue are allowed for statistical purposes
ITA 917/HYD/2016[2011-12]Status: DisposedITAT Hyderabad03 Sept 2020AY 2011-12
Bench: Shri C.N. Prasad & Shri M. Balaganeshassessment Year: 2011-12 (Through Video Conference) Andhra Pradesh Tourism Vs. Dy. Commissioner Of Income- Development Corporation Ltd., Tax, Circle – 1(1), Hyderabad. Hyderabad. Pan – Aadca 9817 H (Appellant) (Respondent) Assessment Year: 2011-12 (Through Video Conference) Dy. Commissioner Of Income- Vs. Andhra Pradesh Tourism Tax, Circle – 1(1), Hyderabad. Development Corporation Ltd., Hyderabad. Pan – Aadca 9817 H (Appellant) (Respondent)
For Appellant: Shri S. Rama RaoFor Respondent: Date of hearing
Section 115JSection 139(1)Section 144Section 271B
depreciation of Rs. 12,86,12,826/- from the estimated income as determined (supra).
3.2
It is not in dispute that both the original and revised returns of income were filed by the assessee without completion of statutory audit of the assessee company and that the figures mentioned thereon were provisional. It is not in dispute that the statutory audit
