M/S NORTH BIHAR DISTRIBUTOR,PURNEA vs. ITO, WARD-3(1), PURNEA
In the result, appeals of the assessee are dismissed
ITA 48/PAT/2020[2013-14]Status: DisposedITAT Patna22 May 2023AY 2013-14
Bench: Shri Rajpal Yadav & Shri Girish Agrawal
For Appellant: Shri R. K. Jha, CAFor Respondent: Shri Rupesh Agrawal, Sr. DR
Section 143(3)Section 250Section 271(1)(c)Section 271BSection 44A
46,72,241/-. Book profit is Rs. 1,69,494/- from which deduction for salary and interest paid to partners of Rs. 1,68,199/- has been claimed, reporting Rs. 1,295/- as total income for the year under consideration.
5.2. Ld. AO drew attention to the provisions of section 44AD(5) according to which if an assessee claims that
