HERO WIRETEX LIMITED,VIZIANAGARAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM
In the result, appeal of the assessee is partly allowed for statistical purpose
ITA 37/VIZ/2023[2018-19]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2018-19
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.37/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2018-19) Hero Wiretex Limited Vs. Asst.Commissioner Of Anthakapalli Village Income Tax Ponduru Road, Rajam Central Circle-1 Vizianagarm Visakhapatnam [Pan : Aadcs 1425R] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Smt.A.ArunaFor Respondent: Shri M.N.Murthy Naik
Section 139Section 143(1)Section 143(1)(a)Section 40Section 40(1)(ia)
TDS was deducted. The CPC vide intimation u/s 143(1) dated 21.02.2020, disallowed 100% of the amount of Rs.32,46,77,307/- u/s 40(a)(ia), on account of non compliance with the provisions of Chapter XVII-B. On appeal before the CIT(A), the Ld.CIT(A) restricted the disallowance to 30% as per provisions of section
