VENUGOPAL NIMMAGADDA,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-3(3), VIJAYAWADA
In the result, appeal of the assessee is allowed for statistical purpose
ITA 212/VIZ/2022[2012-13]Status: DisposedITAT Visakhapatnam08 May 2024AY 2012-13
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.212/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2012-13) Venugopal Nimmagadda Vs. Income Tax Officer D.No.21-10-29, Flat No.101 Ward-3(3) Anu Heights, 2Nd Lane Vijayawada Srinagar Colony Satyanarayanapuram Vijayawada [Pan : Adapn2791A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri N.Madhusudhan, ARFor Respondent: Dr.Aparna Villuri, DR
Section 142(1)Section 143(3)Section 147Section 148Section 250
u/s 143(3) r.w.s 147 on 13.12.2019, disallowing the interest on fish tank loans of Rs.6,29,129/- holding that the same was not an allowable expenditure and assessed the total income at Rs.4,19,88,729/-.
3. On being aggrieved, the assessee preferred an appeal before the CIT(A) and the Ld.CIT(A) upheld the addition made
