HINDUSTAN SHIPYARD LIMITED,VISAKHAPATNAM vs. ADDL.COMMISSIONER OF INCOME TAX, RANGE-3, VISAKHAPATNAM
In the result, appeal of the assessee is partly allowed for statistical purposes
ITA 203/VIZ/2022[2011-12]Status: DisposedITAT Visakhapatnam25 Jun 2024AY 2011-12
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. Nos.202, 198, 199, 188, 200/Viz/2022 (धनधाारणिर्ा/ Assessment Year : 2009-10, 2011-12, 2012-13, 2013-14 & 2014-15) Asst. Commissioner Of Income Vs. M/S. Hindustan Shipyard Tax, Circle-3(1), Limited, Visakhapatnam. Visakhapatnam. Pan: Aach 4275 P (अपीलाथी/ Appellant) (प्रत्यथी/ Respondent)
For Appellant: Sri GVN Hari, ARFor Respondent: Dr. Satyasai Rath, CIT-DR
Section 143(2)Section 143(3)Section 194ISection 40
133/-.
5
The Ld. CIT(A)-NFAC therefore allowed the other expenditure under the head “prior period expenditure” and directed the Ld.
AO to verify the claim of depreciation and allow the same if the assessee has established that it has been added back as stated.
With respect to the demurrage charges, the Ld.CIT(A)-NFAC relied on the orders