CMR TRANSPORT CONTRACTORS COMPANY PRIVATE LTD,VIJYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA
In the result, appeal of the assessee is dismissed,
ITA 69/VIZ/2023[2014-15]Status: DisposedITAT Visakhapatnam18 Oct 2023AY 2014-15
Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./I.T.A.No.69/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2014-15) Cmr Transport Contractors Company Vs. Dy.Commissioner Of Private Limited Income Tax D.No.54-18/3-4, Sivapuram Colony Circle-2(1) Near Iti Gate Vijayawada Vijayawada [Pan : Aaccc6075E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri Vamsi Rajesh, ARFor Respondent: Shri Madhukar Aves, DR
Section 143(3)Section 40A(2)Section 44A
section 40A(2) of I.T.Act. In the instant case, the payment made to directors is in excess of 15.14%
compared to outsiders and the disallowance 12% of hire charges made by the AO is reasonable and we do not find any reason to interfere with the order of the Ld.CIT(A)and the same is upheld.”
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I.T.A. No.69/Viz/2023, A.Y.2014-15
