DEVI SEA FOODS LIMITED,VISAKHAPATNAM vs. PRINCIPAL COMMISSIONER OF INCOME TAX, VISAKHAPATNAM
Appeal of the assessee is partly allowed for statistical\npurposes
ITA 316/VIZ/2025[2020-21]Status: DisposedITAT Visakhapatnam08 Oct 2025AY 2020-21
Section 143(3)Section 145Section 14ASection 263
14A of the Act.\n3. Ld.Pr.CIT under powers vested in him as per provisions of section 263 of\nthe Act examined the assessment records and noticed that assessee has debited\nan amount of Rs.15,17,22,510/- towards “Fair value loss on derivative\ninstruments\" which is not an eligible expenditure. Further, Ld.Pr.CIT also\nnoticed that the assessee has debited
