ACIT -3(4) , MUMBAI vs. RELIANCE INDUSTRIES LTD, MUMBAI
In the result, appeal by the Revenue is dismissed
ITA 1438/MUM/2021[2016-17]Status: DisposedITAT Mumbai14 Oct 2022AY 2016-17
Bench: Shri Pramod Kumar, Vice Preside & Shri Sandeep Singh Karhail
For Appellant: Shri Nimesh Vora a/wFor Respondent: Shri Chetan M. Kacha, Sr. AR
Section 115JSection 143Section 144C(3)Section 14ASection 250Section 250(6)Section 32Section 92CSection 92C(3)
respect of the unsuccessful exploration cost incurred in contract area other than KGD 6
has been made in computation of income under section 42(1)(a) against the entire income of the assessee company while computing the business income.
Accordingly, it was submitted that the unsuccessful exploration cost