DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BANGALORE vs. M/S. THE HUTTI GOLD MINES COMPANY LTD,, BANGALORE
In the result, the appeal by the revenue is dismissed
ITA 1339/BANG/2017[2010-11]Status: DisposedITAT Bangalore31 Aug 2020AY 2010-11
Bench: Shri N.V. Vasudevan & Shri B R Baskaranassessment Year: 2010-11
For Appellant: Shri Muzaffar Hussain, CIT(DR)(ITAT), BengaluruFor Respondent: Shri Narendra Sharma, Advocate
Section 37(1)
condonation of delay.
3. As far as ground No.2 raised by the revenue is concerned, the facts are that assessee is a company engaged the business of gold mining and extraction. In the return of income filed for AY 2010-11, the assessee in arriving at the profits of business, claimed a deduction of a sum of Rs.15