ACE URBAN DEVELOPERS PRIVATE LIMITED,HYDERABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA
In the result, appeal of the assessee is partly allowed for statistical purposes
ITA 284/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam13 Sept 2024AY 2016-17
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.79, 118 & 284/Viz/2024 (निर्धारणवर्ा/ Assessment Year: 2016-17, 2018-19 & 2016-17) Ace Urban Developers Private Limited V. The Asst. Cit- Circle-2(1) Module No. A1, A2,A3 Vijayawada – 520002 Quadrant No. 4, 4Thfloor Andhra Pradesh Cyber Tower, Hitech City Madhapur B.O. Sheikpet, Hyderabad-500081, Telangana [Pan: Aanca4001H] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Sk Gupta,Ar राजस्व का प्रतततितित्व / Department Represented By : Dr. Satyasai Rath, Sr.Ar
Section 143(3)Section 263Section 68
68 of the Act while passing the order under section 143(3)r.w.s. 263 of the Act.
5. Being aggrieved by the said assessment order, assessee filed an appeal before the Ld.CIT(A). Before the Ld. CIT(A), assessee made written submissions contesting the addition of unsecured loans of Rs. 1,06,27,000/-.
After examining the written submissions
