M/S NSL SUGARS LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-5(1)(2), BANGALORE
In the result, the appeal by the revenue in ITA No
ITA 1228/BANG/2017[2012-13]Status: DisposedITAT Bangalore08 Nov 2019AY 2012-13
Bench: Shri N V Vasudevan & Shri A K Garodiaassessment Year : 2011-12
For Appellant: Shri B.S. Balachandran, AdvocateFor Respondent: Shri C.H. Sundar Rao, CIT(DR-I), ITAT, Bangalore
Section 70Section 72Section 80A(1)Section 80CSection 80I
80I(6) of the Act.
11. We have given a careful consideration to the rival submissions. In the decision of Synco Industries Ltd.(supra) rendered by the Hon’ble
Supreme Court, the facts were that the Assessee was engaged in the business of oil and chemicals. It had a unit for oil division at Sirohi District,
Rajasthan. It had also
