ACIT., CIRCLE-1(1), TIRUPATI vs. PONNAMBALAM KRISHNAN, CHITTOOR
In the result, the appeal of the revenue and cross objections of the assessee are partly allowed for statistical purposes in above terms
ITA 655/HYD/2024[2017-18]Status: DisposedITAT Hyderabad20 Sept 2024AY 2017-18
Bench: Shri Manjunatha G, Accountnat Member & Shri Prakash Chand Yadavआ.अपी.सं /Ita No.655/Hyd/2024 (निर्धारण वर्ा/Assessment Year:2017-18) Asst. Commissioner Of Income Shri Ponnambalam Krishnan, Tax, Circle 1(1), Tirupati. Vs. Ekjambarakuppam, Chittoor, A.P. Pan : Bedpk5641B (Appellant) (Respondent) C.O. No.11/Hyd/2024 (Assessment Year:2017-18) (By Assessee) निर्धाररती द्वधरध/Assessee By: Shri E. Phalguna Kumar, C.A. रधजस् व द्वधरध/Revenue By: Shri Srinath Sadanala,Sr-Dr सुिवधई की तधरीख/Date Of 10/09/2024 Hearing: घोर्णध की रीख/Pronouncement: 20/09/2024
For Appellant: Shri E. Phalguna Kumar, C.AFor Respondent: Shri Srinath Sadanala,SR-DR
Section 142(1)Section 144Section 40Section 68
section 40(a)(ia) during the assessment proceedings. The Ld.CIT (A) restricted the addition to Rs.63,860/- from Rs.20,67,263/-.
(4) The assessee failed to furnish the proof for additions made to fixed assets along with copy of invoices as called for u/s. 142(1) leading to disallowance of depreciation claimed for Rs.53,293