JOINT COMMISSIONER OF INCOME-TAX-RANGE-1, BILASPUR vs. SOUTH EASTERN COALFIELDS LIMITED, BILASPUR

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ITA 3/BIL/2012Status: DisposedITAT Raipur06 November 2019AY 2008-0953 pages
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What did the Tribunal hold?

The Tribunal dismissed grounds related to reassessment proceedings for want of COD approval. It allowed expenses incurred on assets not belonging to the company, following its own prior decision. The Tribunal also dismissed the Revenue's appeal regarding future overburden removal expenses, allowing the assessee's claim.

What were the facts?

The assessee, South Eastern Coalfields Ltd., appealed against various disallowances and additions made by the Assessing Officer and confirmed by the CIT(A). The appeals involved multiple assessment years and grounds, including issues related to reassessment proceedings, expenditure on assets not belonging to the company, coal transportation expenses, and future overburden removal expenses.

What were the issues?

The key issues were the validity of reassessment proceedings, the allowability of expenses incurred on assets not owned by the assessee, and the treatment of future overburden removal expenses as a business expenditure.

Which sections of the Income-tax Act were involved?

Section 143(3),Section 147,Section 148,Section 220(2),Section 35D

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Income Tax Appellate Tribunal, RAIPUR BENCH, RAIPUR

Before: SHRI ANIL CHATURVEDI, AM & SHRI PARTHA SARATHI CHAUDHURY,JM

Hearing: 04.11.2019/05.11.2019Pronounced: 06.11.2019

आदेशानुसार / BY ORDER, //True Copy// Senior Private Secretary आयकरअऩीऱीयअधधकरण, रायऩुर/ ITAT, Raipur.

53 ITA No.187/JAB/2008 &Ors South Eastern Coalfield Ltd.

Date 1 Draft dictated on 04/05.11.2019 Sr.PS/PS 2 Draft placed before author 06.11.2019 Sr.PS/PS 3 Draft proposed and placed JM/AM before the second Member 4 Draft discussed/approved by AM/JM second Member 5 Approved draft comes to the Sr.PS/PS Sr. PS/PS 6 Kept for pronouncement on Sr.PS/PS 7 Date of uploading of order Sr.PS/PS 8 File sent to Bench Clerk Sr.PS/PS 9 Date on which the file goes to the Head Clerk 10 Date on which file goes to the A.R 11 Date of dispatch of order

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