IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B” : HYDERABAD (THROUGH VIDEO CONFERENCE)

BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI D.S. SUNDER SINGH, ACCOUNTANT MEMBER I.T.A. No. 562/HYD/2016 Assessment Year: 2011-12 M/s.Kapitan Distillery, Addl. Commissioner HYDERABAD Vs of Income Tax, [PAN: AAEFK5917A] Range-11, HYDERABAD (Appellant) (Respondent)

For Assessee : Shri A. Srinivas, AR For Revenue : Shri Rajat Mitra, DR Date of Hearing : 16-11-2020 Date of Pronouncement : 18-11-2020

O R D E R

PER D.S. SUNDER SINGH, A.M. :

This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax(Appeals)-5, Hyderabad, for the AY.2011-12.

2. All the Grounds of Appeal are related to the addition of Rs.16,56,225/- as short admission of bottling charges.

3. During the assessment proceedings, the AO found that the firm has admitted the sum of Rs.1,52,27,635/- towards bottling charges, whereas the actual bottling charges said to be received from M/s. Sovereign Distilleries Pvt. Ltd., (SDL) is to the tune of Rs.1,68,83,860/- as per Form 26AS resulting in short admission of Rs.16,56,225/-. During the assessment proceedings, assessee explained that the s