THE ANDHRA PRADESH MINERAL DEVELOPMENT CORPORATION LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-2(2), HYDERABAD
In the result, appeals in ITA Nos
ITA 1790/HYD/2018[2012-13]Status: DisposedITAT Hyderabad20 Jul 2021AY 2012-13
Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu
For Appellant: Shri C.S. SubramanyamFor Respondent: Shri P. Chandra Sekhar
Section 143(2)Section 143(3)
section 35E of the Act, the AO asked the assessee to show cause as to why the said expenditure should not be allowed only to the extent of 1/10th of Rs. 1,18,48,159/-.
10.1 In response, the assessee inter-alia, stated that the expenditure is regular and routine for the assessee company as it was in the business