THE VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ASST. CIT,, VISAKHAPATNAM
In the result, CO raised by the assessee is disposed off as discussed herein above
ITA 325/VIZ/2017[2012-2013]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2012-2013
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)
12A of the Act up to
the AY 2007-08, the entire income of the assessee was exempted
from income tax. Therefore, the Ld. CIT-1, Visakhapatnam
observed that in the light of the provisions of section 14A of the
Act, the expenditure of Rs. 5,09,64,466/- pertaining to the AY
2007-08 and earlier assessment years, where
