ANDHRA PRADESH POWER GENRATION CORPORATION LIMITED,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX,, CIRCLE-1(1), VIJAYAWADA
In the result, appeal filed by the assessee is allowed
ITA 101/VIZ/2022[2017-18]Status: DisposedITAT Visakhapatnam28 May 2024AY 2017-18
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.101/Viz/2022 (निर्धारणवर्ा/ Assessment Year : 2017-18) Andhra Pradesh Power Vs. Deputy Commissioner Of Generation Corporation Limited, Income Tax, Vijayawada. Circle-1(1), Pan: Aacca 2734 J Vijayawada. (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थीकीओरसे/ Assessee By : Sri M. Chandramouleswara Rao, Ar प्रत्यधर्थीकीओरसे/ Revenue By : Dr. Satyasai Rath, Cit-Dr
For Appellant: Sri M. ChandramouleswaraFor Respondent: Dr. Satyasai Rath, CIT-DR
Section 143(2)Section 143(3)Section 263Section 40Section 80ISection 9
section 40(a)(iib) of the Act. He ought to have considered the fact that the AO has followed the well established law and has not committed any error in this issue.
5. On the facts and in the circumstances of the case and in law, the Ld. Pr. CIT has erred in assuming revisional jurisdiction
U/s. 263, on disallowance
