MEJA URJA NIGAM (P) LTD.,ALLAHABAD vs. INCOME TAX OFFICE WARD-2 (2), ALLAHABAD
In the result, both the appeals of the assessee for ay: 2015-16 and 2016-17
ITA 54/ALLD/2020[2015-16]Status: DisposedITAT Allahabad03 Mar 2021AY 2015-16
Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar
For Appellant: Ms.Namita S. Pandey, CIT DRFor Respondent: Shri Parv Agrawal, CA
Section 143(3)
house property, it can also set up another line of business, it may even pay dividends out of this income to its shareholders.
There is no overriding title of anybody diverting the income at source to pay the amount to the creditors of the company. It is well-settled that tax is attracted at the point when the income
