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
80,396/- is capitalized by debiting to ‘Capital Work in Progress’ , and an amount of Rs. 3,86,94,450/- is outstanding as at 31.03.1997 under the head
‘Capital Work in Progress’. These contentions of the assessee will require verification which needs investigation and enquiries into the factual aspects to unravel the truth , as also adjudication of legal issue