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2 results for “disallowance”+ Section 206Cclear

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Key Topics

Section 115J4Section 36(1)(va)4Section 684Section 253(2)2Unexplained Cash Credit2Disallowance2Addition to Income2Limitation/Time-bar2

LAMPEX ELECTRONICS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD

In the result, appeal of the assessee is treated as partly allowed for statistical purposes

ITA 589/HYD/2020[2017-18]Status: DisposedITAT Hyderabad17 Oct 2022AY 2017-18

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary

For Appellant: Shri P.N.Moorthy, ARFor Respondent: Shri Kumar Aditya, DR
Section 115JSection 253(2)Section 36(1)(va)Section 68

disallowance of expenditure towards currency fluctuations. 6. Assessee, therefore, filed ITA No. 589/Hyd/2020 in respect of the additions sustained and Revenue filed ITA No. 96/Hyd/2021 in respect of the relief granted to the assessee by the learned CIT(A). Assessee preferred cross objection supporting the view taken by the Learned CIT(A) while granting relief to the assessee. Page

ACIT, CIRCLE-5(1), HYDERABAD vs. LAMPEX ELECTRONICS LIMITED , HYDERABAD

In the result, appeal of the assessee is treated as partly allowed for statistical purposes

ITA 96/HYD/2021[2017-18]Status: DisposedITAT Hyderabad17 Oct 2022AY 2017-18

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary

For Appellant: Shri P.N.Moorthy, ARFor Respondent: Shri Kumar Aditya, DR
Section 115JSection 253(2)Section 36(1)(va)Section 68

disallowance of expenditure towards currency fluctuations. 6. Assessee, therefore, filed ITA No. 589/Hyd/2020 in respect of the additions sustained and Revenue filed ITA No. 96/Hyd/2021 in respect of the relief granted to the assessee by the learned CIT(A). Assessee preferred cross objection supporting the view taken by the Learned CIT(A) while granting relief to the assessee. Page