In the result, appeal of the assessee is allowed
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]
section 263 of the Act. Accordingly, requested to set aside the order of the Ld.Pr.CIT passed u/s 263 and allow the appeal of the assessee. 5. On the other hand, the Ld.DR supported the orders of the Ld.Pr.CIT and argued that the sum of Rs.3,81,03,903/- and interest on SBI constitute other income which was not properly verified