AGRA DEVELOPMENT AUTHORITY,AGRA vs. DCIT., CIRCLE-1, AGRA
The appeals of the assessee are allowed and the appeal of the revenue is dismissed
ITA 216/AGR/2016[2011-12]Status: DisposedITAT Agra17 May 2021AY 2011-12
Section 124Section 142Section 153
10B. Even the re-casted Profit & Loss
Account suffers from fatal mistake as the Assessing Officer has not allowed the benefit of Rs.18,76,15,000/- transferred to infrastructure fund or in the alternative, allowing expenditure of Rs 12,83,34,230/- while re-casting Profit & Loss Account. The net result will again be the loss. The addition is wholly
