RADHIKA VEGETABLE OILS PRIVATE LIMITED,VIZIANAGARAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1),, VISAKHAPATNAM
In the result, the appeals of the revenue as well as the assessee and cross objections of the assessee are dismissed
ITA 416/VIZ/2018[2014-15]Status: DisposedITAT Visakhapatnam30 Apr 2019AY 2014-15
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.415 & 416/Viz/2018 (निर्धारण वर्ा/Assessment Years : 2013-14 & 2014-15) M/S Radhika Vegetable Oils(P) Ltd., Vs. Asst.Commissioner Of Sreeram Nagar Income Tax Garividi, Vizianagaram Circle-3(1) [Pan : Aaacr8333C] Visakhapatnam (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकरअपीलसं./I.T.A.No.474 & 475/Viz/2018 (निर्धारणवर्ा/Assessment Years : 2013-14 & 2014-15) Asst.Commissioner Of Vs. M/S Radhika Vegetable Income Tax Oils(P) Ltd., Circle-3(1) Sreeram Nagar Visakhapatnam Garividi, Vizianagaram [Pan : Aaacr8333C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Co No.132 & 133/Viz/2018 (Arising Out Of I.T.A.No.474/Viz/2018 & 475/Viz/2018 Respectively) (निर्धारणवर्ा/Assessment Year: 2013-14 & 2014-15) Z M/S Radhika Vegetable Oils(P) Ltd., Vs. Asst.Commissioner Of Sreeram Nagar Income Tax Garividi, Vizianagaram Circle-3(1) [Pan : Aaacr8333C] Visakhapatnam (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) रधजस्व की ओर से /Revenue By : Smt Suman Malik, Dr निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar सुिवधई की तधरीख / Date Of Hearing : 16.04.2019 घोर्णध की तधरीख/Date Of Pronouncement : 30 .04.2019
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Smt Suman Malik, DR
Section 131Section 143(2)
Purchase Expenses
-
Rs.1,69,48,021/-
(ii)
Loading and Unloading Expenses
-
Rs.32,76,400/-
(iii) Empty bunches handling charges
-
Rs.44,21,250/-
Total
-
Rs.2,46,45,671/-
The assessee explained to the AO that the expenses were sub- contract payments made to Shri Bongu Vasudev Rao, Ms V.Padma,
P.Satyanarayana, K.Vamsikrishna and Ms V.Hima Bindu for handling and transportation of Fresh