THE RAMCO CEMENTS LTD.,RAJAPALAYAM vs. ACIT, CORPORATE CIRCLE,, MADURAI
आयकर अपीलीय अिधकरण “ए” ायपीठ चेई म।
IN THE INCOME TAX APPELLATE TRIBUNAL
“A” BENCH, CHENNAI
माननीय ी एबी टी. वक , ाियक सद" एवं
माननीय ी मनोज कुमार अ'वाल ,लेखा सद" के सम)।
BEFORE HON’BLE SHRI ABY T. VARKEY, JM AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
आयकरअपील सं./ ITA No.2144/Chny/2024
(िनधा*रण वष* / Assessment Year: 2020-21)
The Ramco Cements Limited
Ramamandiram,
Rajapalayam-626 117. बनाम/
Vs.
ACIT
Corporate Circle,
Madurai.
थायीलेखासं./जीआइआरसं./PAN/TAN No. AABCM-8375-L
(अपीलाथ/Appellant)
:
( थ / Respondent)
अपीलाथकीओरसे/ Appellant by :
S/Shri S.Muralidhar & J.Prabhakar (FCAs)- Ld.ARs
थकीओरसे/Respondent by :
Shri Nilay Baran Som(CIT) -Ld. DR
सुनवाईकीतारीख/Date of Hearing
:
22-01-2025
घोषणाकीतारीख /Date of Pronouncement
:
03-02-2025
आदेश / O R D E R
Manoj Kumar Aggarwal (Accountant Member)
Aforesaid appeal by assessee for Assessment Year (AY) 2020-21 arises out of final assessment order dated 18.07.2024 passed by Ld. Assessing Officer, (AO) u/s 143(3) r.w.s. 144C(13) r.w.s 144B of the Act pursuant to the directions of Ld. Dispute Resolution Panel-2, Bengaluru (DRP) u/s 144C(5) dated 26.06.2024. 2. In the first ground, the assessee is aggrieved by disallowance of leave encashment u/s 43B for Rs.367.94 Lacs as made by CPC while processing return of income u/s 143(1). The Ld. AR submitted that the 2
assessee has already preferred a separate appeal against the same and accordingly, this ground has been rendered infructuous. In ground No.3, the assessee is aggrieved by denial of deduction u/s 80G for Rs.1 Lacs.
This ground has not been pressed due to smallness of the amount.
3. In the last ground, the assessee is aggrieved by disallowance of CSR expenditure for Rs.14.99 Crores. The Ld. AR drew attention to the computation of income to submit that this expenditure has already been disallowed by the assessee and Ld. AO has again added the same to the income of the assessee which amounts to double taxation. From Memo of income as placed on Page Nos. 4 & 5 of the paper-book, it could be seen that the assessee has already added back CSR expenditure of Rs.14.99 Crores which supports the aforesaid submission of Ld. AR. Considering the same, we direct Ld. AO to verify the same and delete the double disallowance.
4. The appeal stand partly allowed for statistical purposes.
Order pronounced on 3rd February, 2025 (ABY T. VARKEY) (MANOJ KUMAR AGGARWAL)
ाियक सद" /JUDICIAL MEMBER लेखा सद" / ACCOUNTANT MEMBER
चे1ई Chennai; िदनांक Dated :03-02-2025
DS
आदेशकीJितिलिपअ'ेिषत/Copy of the Order forwarded to :
1. अपीलाथ/Appellant
2. थ/Respondent
3. आयकरआयु:/CIT Madurai.
4. िवभागीय ितिनिध/DR
5. गाड?फाईल/GF