THE DCIT,, VIJAYAWADA vs. KWALITY FEEDS LTD.,, GUDIVADA
In the result, appeal filed by the Revenue is allowed for statistical purpose and the Cross objection filed by the assessee is dismissed
ITA 26/VIZ/2015[2011-12]Status: DisposedITAT Visakhapatnam18 Jul 2018AY 2011-12
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bledcit, Circle-1(1), Vs. M/S. Kwality Feeds Ltd., Vijayawada. No.3/57, Ramanapudi, Gudivada Rural Mandal, Krishna District. Pan No. Aaack 9357 P (Appellant) (Respondent) C.O.No.17/Viz/2015 ( Arising Out Of Ita No. 26/Viz/2015) (Asst. Year : 2011-12) M/S. Kwality Feeds Ltd., Vs. Dcit, Circle-1(1), No.3/57, Ramanapudi, Vijayawada. Gudivada Rural Mandal, Krishna District. Pan No. Aaack 9357 P (Appellant) (Respondent)
For Appellant: Shri K. Siva Ram Kumar, CAFor Respondent: Shri Deba Kumar Sonawal, CIT-DR
Section 115JSection 143(1)Section 143(2)Section 143(3)
section 143(3) of the Act.
3. During the course of assessment proceedings, the Assessing
Officer has noticed that assessee claimed expenditure of Rs.3,84,60,222/- under the head ‘power and fuel’ in the profit &
loss account. However, in the Director’s Report (Form-A), it was clearly reported that the expenditure incurred under the power
C.O.No. 17/VIZ/2015