THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), , GUNTUR vs. SAI BALAJI CONSTRUCTIONS, , GUNTUR
In the result, appeal of the revenue is dismissed
ITA 465/VIZ/2018[2006-07]Status: DisposedITAT Visakhapatnam25 Sept 2019AY 2006-07
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.465/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2006-07) Dy. Commissioner Of Vs. M/S Sai Balaji Constructions Income Tax B-8, Svn Colony Circle-1(1) Guntur Guntur [Pan : Abafs6923M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Smt.Suman Malik, Dr प्रत्यधथी की ओर से / Respondent By : Shri P.Bala Srinivas, Ar सुनवधई की तधरीख / Date Of Hearing : 23.09.2019 घोर्णध की तधरीख/Date Of Pronouncement : 25.09.2019 आदेश /O R D E R
For Appellant: Smt.Suman Malik, DRFor Respondent: Shri P.Bala Srinivas, AR
Section 143(3)Section 147Section 4Section 69C
depreciation of Rs.43,376/- on the said asset. According to the AO, the assessee has not purchased the machinery worth Rs.1,54,920/-, hence made the addition of the entire cost of asset u/s 69C of the Act.
4. Against the order of the AO, the assessee went on appeal before the CIT(A) and the Ld.CIT(A) deleted