KANASAPALLI PACS LTD,KANASAPALLI vs. ITO, WARD-3(4), VIJAYAWADA
In the result, appeal of the assessee is dismissed
ITA 125/VIZ/2022[2017-18]Status: DisposedITAT Visakhapatnam28 Feb 2024AY 2017-18
Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.125/Viz/2022 ("नधा"रण वष" / Assessment Year : 2017-18) Kanasanapalli Pacs Ltd., Vs. Income Tax Officer, Kanasanapalli Post, Ward-3(4), Agiripalli Mandal, Vijayawada. Krishna District, Andhra Pradesh-521212. Pan: Aabak 4998 F (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Asrss Siva Prasad, Ar ""याथ" क" ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar
For Appellant: Sri ASRSS Siva Prasad, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 133(6)Section 139Section 142(1)Section 144Section 69ASection 80A(5)Section 80PSection 80P(2)(a)
demonetization
period, the cash does not pertains any SBNs. Further, on perusal
of certain information furnished through ITBA, viz., trading
account, P & L Account and balance sheet as on 31/3/2017 the
Ld. AO noted that during the FY 2016-17 relevant to the AY
2017-18, the assessee has shown a net profit of Rs. 2,27,746/-
and claimed