VISAKHAPATNAM PORT AUTHORITY,VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं. / I.T.A. No. 194/Viz/2023 (धििाधरणिरध/ Assessment Year: 2014-15) Visakhapatnam Port Authority V. Asst. Commissioner Of Income Tax Circle-1(1) Administrative Office Building 4Th Floor, Pratyakshakar Bhavan Port Area, Visakhapatnam 530001 Mvp Road, Beside Post Office Andhra Pradesh Sector-8, Mvp Colony Visakhapatnam – 530017 [Pan: Aaalv0035C] Andhra Pradesh (अपीलार्/ Appellant) (प्र्/ Respondent) करदाताकाप्त्््िध/ Assessee Represented By Shri Gvn Hari, Ar : राजसकाप्त्््िध/ Department Represented By Dr. Satyasai Rath, Cit(Dr) : 29.07.2024 सु्वाईसमापहो्ेक््त्ि/ Date Of Conclusion Of Hearing : घोषणाक्तार्ख/Date Of Pronouncement 05.09.2024 : आदेश/O R D E R Per Shri S Balakrishnan: 1. This Appeal Is Filed By The Assessee Against The Order Of Learned Commissioner Of Income Tax (Appeals), [Ld.Cit(A)], National Faceless Appeal Centre (Nfac), Delhi In Din & Order No. Itba/Nfac/S/250/2023- 24/1052850996(1) Dated 15.05.2023 Arising Out Of Order Passed Under

section 143(3) of the Income Tax Act, 1961 (in short ‘Act’) dated 31.12.2016 for the A.Y. 2014-15. 2. The Tribunal while adjudicating the case inadvertently erred in not adjudicating Ground No. 5 raised by the assessee in the original grounds of appeal. Thereafter the assessee filed a Miscellaneous Application seeking recall of the order since Ground