ITO, WARD-1(4), , VISAKHAPATNAM vs. GOWTHAMI BUILDERS,, VISAKHAPATNAM
In the result, appeals filed by the Revenue are dismissed and the appeals filed by the assessee in ITA No
ITA 392/VIZ/2017[2011-2012]Status: DisposedITAT Visakhapatnam14 Mar 2018AY 2011-2012
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble & M/S. Gowthami Builders, Vs. Ito, Ward-1(4), D.No. 48-3-6, Srinagar, Visakhapatnam. Visakhapatnam. Pan No. Aaifg 6738 K (Appellant) (Respondent) & Ito, Ward-1(4), Vs. M/S. Gowthami Builders, Visakhapatnam. D.No. 48-3-6, Srinagar, Visakhapatnam. Pan No. Aaifg 6738 K (Appellant) (Respondent)
For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri T. Satyanandam – Sr.DR
Section 142(1)Section 68
disallowances of Rs 1,90,000/- and Rs. 1,04,865/- made by the assessing officer u/s 40A(3) of the Act.
4. The learned Commissioner of Income Tax (Appeals) is not justified in allowing deduction of only 5% towards difference in CPWD rates and local rates as against 15% to 20% consistently allowed by the Hon'ble Income
