ACIT CIRCLE-2, ALLAHABAD vs. M/S SHERWANI SUGAR SYNDICATE LTD., ALLAHABAD
In the result, appeal filed by the Revenue in ITA No
ITA 227/ALLD/2016[1997-98]Status: DisposedITAT Allahabad24 Dec 2021AY 1997-98
Bench: Shrivijay Pal Rao & Shri Ramit Kocharassessment Year: 1997-98 The Assistant Commissioner Of V. M/S Shervani Sugar Syndicate Income-Tax, Circle-2, Ltd., Allahabad, U.P. 28, South Road , Allahabad,U.P. Pan/Gir: 19-653-Cv-3480 New Pan: Not Available (Appellant) (Respondent)
For Appellant: Sh. A.K. Singh, Sr. DRFor Respondent: Sh. Ashish Bansal Adv
Section 143(2)Section 143(3)Section 44A
73) . The assessee submitted before learned CIT(A) that during the period of 15th Nov.,1996 to 23rd Feb,
1997, the company had purchased 11,35,200.85 quintals of cane for which payments were duly accounted for in books of accounts for the financial year 1996-97 @ Rs. 62/- per quintal, but however, no provision was made in the books