GIRIJA MODERN RICE MILL ,VIJAYAWADA vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX,, VIJAYAWADA
In the result, appeal of the assessee is allowed
ITA 142/VIZ/2020[2015-16]Status: DisposedITAT Visakhapatnam23 Nov 2020AY 2015-16
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.142/Viz/2020 (ननधधारण वर्ा/Assessment Year:2015-16) M/S Girija Modern Rice Mill Vs. Pr.Commissioner Of Income Tax D.No.159/1, Enikepadu Vijayawada Krishna (Dt.) Vijayawada [Pan : Aahfg4582E]
For Appellant: Shri M.V.Prasad, ARFor Respondent: Shri D.K.Sonowal. CIT, DR
Section 143(3)Section 144ASection 263
144A of the Act. Thus, the assessment was properly monitored by the Jt.CIT. The AO verified the bills, vouchers and on verification, the AO found that some bills, vouchers were unverifiable in nature, hence estimated the income @0.5% net of depreciation and accordingly assessed the total income of Rs.7,32,466/-. No separate addition was made
