THE ARYAPURAM CO-OPERATIVE URBAN BANK LTD.,,RAJAHMUNDRY vs. THE ACIT, CIRCLE - 1, RAJAHMUNDRY
In the result, all the appeals filed by the assessee are partly allowed for statistical purposes; and the appeal filed by the Revenue is dismissed
ITA 177/VIZ/2013[2009-10]Status: DisposedITAT Visakhapatnam28 May 2018AY 2009-10
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri Deba Kumar Sonawal – CIT DR
Section 143(3)Section 144Section 148Section 43Section 43B
2. The learned Commissioner of Income Tax (Appeals) is not justified in sustaining addition of Rs. 1,36,997/- out of disallowance of Rs. 17,71,587/- made by the assessing officer towards Bonus & Ex gratia payable.
3. The learned Commissioner of Income Tax (Appeals) is not justified in sustaining addition of Rs.20,76,621 out of disallowance
