DEVI SEA FOODS LIMITED,VISAKHAPATNAM vs. PRINCIPAL COMMISSIONER OF INCOME TAX, VISAKHAPATNAM

Appeal of the assessee is partly allowed for statistical\npurposes

145 of\nthe Act. It was submitted that there is slight variation in the measurement of\nvalue of loss as per ICDS disclosures and the assessee has worked out the same\nat Rs.14,14,19,625/-. After verification of the assessee's above submissions, the\nLd.Pr.CIT found the contentions of the assessee as not acceptable for the reason\nthat hedging

NANDIGAM VEERABRAHMAM,RAJAHMUNDRY vs. INCOME TAX OFFICER, WARD-2(1), RAJAHMUNDRY

In the result, the appeal of the assessee is allowed in terms of our aforesaid observations