MYSORE MINERALS LIMITED (NOW KNOWN AS KARNATAKA STATE MINERALS CORPORATION LIMITED),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 4(1)(2), BENGALURU
In the result, both the appeals are allowed
ITA 465/BANG/2020[2014-15]Status: DisposedITAT Bangalore07 Mar 2022AY 2014-15
Bench: Shri Chandra Poojari & Smt. Beena Pillai
For Appellant: Shri Narendra Sharma, AdvocateFor Respondent: Dr. Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 147Section 148
reassessment.
ITA No.465/Bang/2020 for AY 2014-15
11. In this case, the facts are that assessment was passed u/s. 143(3) of the Act on 13.12.2016 making the following disallowances.
(i)
Penalty expenses in illegal mining areas amounting to Rs.6,92,00,000. (ii)
Expenses relating to Corporate Social Responsibility
(CSR) amounting to Rs.8,40,23,625. 12. On appeal