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)
gains of
business or profession” wherein the disallowance U/s. 43B has
been made becomes irrelevant and as such no consequentialeffect
would be given to the disallowed amount on payment basis in the
subsequent year. Therefore, the Ld. CIT-1, Visakhapatnam was of
the opinion that such expenditure having no correlation with the
income of the assessee earned during the relevant
