NATCO PHARMA LIMITED,HYDERABAD vs. ACIT., CIRCLE-5(1), HYDERABAD
In the result, appeal of the assessee is partly allowed for statistical purposes
ITA 853/HYD/2024[2020-21]Status: DisposedITAT Hyderabad19 Feb 2025AY 2020-21
Bench: Shri K. Narasimha Chary & Shri G. Manjunatha
For Appellant: Shri A V Raghuram, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR
Section 143(2)Section 143(3)Section 144C(5)Section 35Section 41Section 80Section 92CSection 92D(3)
5. On the facts and in the circumstances of the case the Id.
AO/DRP erred in disallowing Rs.30,53,792 by invoking provisions of section 14A of the Act read with Rule 8D of the Rules as against the correct amount of Rs.5,32,046. Without prejudice, and at any rate, the Id.AO/DRP ought to have appreciated that
