M/S. NATURAL REMEDIES PRIVATE LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1)(1), BANGALORE
In the result, the appeal filed by the assessee is allowed
ITA 704/BANG/2020[2016-17]Status: DisposedITAT Bangalore01 Jan 2021AY 2016-17
Bench: Shri George George K, Jm & Shri B.R.Baskaran, Am
For Appellant: Sri.S.Ramasubramanian, CAFor Respondent: Sri.Kannan Narayan, JCIT-DR
Section 35
delay in filing this appeal before the Tribunal is condoned and we proceed to dispose of the matter on merits.
3. The solitary issue that is raised in this appeal whether the CIT(A) is justified in confirming the disallowance of Rs.43,12,042 being claim of deduction u/s 35(2AB) of the I.T.Act.
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M/s.Natural Remedies Private Limited