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

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

68 of the Act. 9. On this aspect, Learned AR submitted that the authorities did not seek any explanation from the assessee after submitting the books even Page 4 of 10 ITA Nos.589/Hyd/2020, 96/Hyd/2021 C.O.No.6/Hyd/2021 the Learned CIT(A) also did not give an opportunity to the assessee to explain the discrepancies in the invoices, which according to them