SRI KEERTHI PROJECTS ,GUNTUR vs. INCOME TAX OFFICER, WARD-1(1), GUNTUR
In the result, appeal of the assessee is allowed for statistical purpose
ITA 164/VIZ/2023[2018-19]Status: DisposedITAT Visakhapatnam08 Dec 2023AY 2018-19
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.164/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2018-19) Sri Keerthi Projects Vs. Income Tax Officer 3-20-14, Near Recruiting Office Ward-1(1) Pattabhipuram Guntur Guntur [Pan : Abjfs1107Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Dr.Satyasai Rath, CIT(DR)
Section 143(3)Section 263Section 36Section 40Section 69C
TDS
Credit thereon of Rs.11,65,105/- given.
3. Disallowance of Rs.1,61,015/- u/s 40(a)(ia) on payment of interest of Rs.5,36,718/- to M/s HDB Finance Services, a Non-
Banking Finance Company.
3. On subsequent examination of the relevant assessment record, the Ld.PCIT observed that the assessment order was passed without making proper verification, hence, considered