SRINIVASA HAIR INDUSTRIES,ELURU vs. ASSISTANT COMMISSIONER OF INCOME TAX., ELURU
In the result, appeal of the assessee is allowed
ITA 194/VIZ/2018[2013-14]Status: DisposedITAT Visakhapatnam03 Jan 2019AY 2013-14
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.194/Viz/2018 (ननधधारण वर्ा/Assessment Year:2013-2014) M/S Srinivasa Hair Industries Asst.Commissioner Of P.B.No.8 Income Tax Eastern Street Circle-1 Eluru Eluru [Pan : Aalfs8434M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से/ Respondent By : Shri D.K.Sonowal, Citdr
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri D.K.Sonowal, CITDR
Section 143(3)Section 263Section 36(1)(iii)Section 41(1)
revision order passed by the Pr.CIT u/s 263 of the Act.
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I.T.A. No.194/Viz/2018
M/s Srinivasa Hair Industries, Eluru
14. On the other hand, the Ld.DR vehemently supported the orders of the Pr.CIT and argued that in the case of trade creditors since the assessee has transferred the outstanding trade creditors to the partners capital accounts the addition required
