THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, BARODA vs. M/S. SUN PHARMA LABORATORIES LTD.,, MUMBAI
In the result, the Department’s appeal is partly allowed
ITA 741/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad09 Oct 2024AY 2015-16
Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)
Section 115JSection 143(3)Section 14ASection 36(1)(va)Section 37(1)Section 80Section 80I
depreciation of plant and machinery used by Sun Pharma Industries &
Sun Pharma Sikkim.
3.1 On the facts and circumstances of the case and in law, the learned
CIT(A) has erred in allowing deduction u/s 80 IB/80 IE in respect of receipt of interest of Rs.29,49.60,969/- on delayed payments on sales, without appreciating the facts and reasons mentioned