KOTARI SRINIVASA RAO, ,UNDRAJAVARAM MANDALAM vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, , RAJAHMUNDRY
In the result, additional ground raised is allowed
ITA 335/VIZ/2019[2014-15]Status: DisposedITAT Visakhapatnam20 Feb 2024AY 2014-15
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.335/Viz/2019 (ननधधारण वर्ा / Assessment Year : 2014-15) Kotari Srinivasa Rao Vs. Principal Commissioner Of D.No.1-91, Canal Road Income Tax Velivennu Rajahmundry Undrajavaram Mandal West Godavari Dist. [Pan : Apjpk9870N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri Md.Afzal,ARFor Respondent: Dr.Satyasai Rath, CIT(DR)
Section 143(3)Section 263
disallowance on account of unverifiable expenditure under the heads
“freight”, “oil & petrol” “salaries & wages” etc.
3. Under the powers vested with the PCIT u/s 263 of the Act, the assessment records were called for and after careful examination of the assessment records, the Ld.Pr.CIT held that the assessment order dated
29.06.2016 passed is not only erroneous but also prejudicial
