THE ASSISTANT COMMISSIONER OF INCOME TAX(INTERNATIONAL TAXATION),, VISAKHAPATNAM vs. VITTALAM NATARAJ PRASAD, TIRUPATI
In the result, Cross Objection raised by the assessee is dismissed
ITA 247/VIZ/2020[2014-15]Status: DisposedITAT Visakhapatnam16 Mar 2023AY 2014-15
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble
For Appellant: Sri Pawan Chakrapani, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 142(1)Section 143(2)Section 143(3)
cash deposits in bank accounts of Rs. 2,16,00,000/-. Grounds No. 6, 7 &
8 with respect to deletion of addition towards interest expenditure of Rs.
27,23,730/-. Grounds No.9, 10 & 11 relate to deletion of addition
towards interest income from savings bank accounts of Rs. 11,65,279/-.
Ground No.12 is a general ground.
26. The Grounds