PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED
Appeal is allowed to the extent indicated
ITA/125/2018HC Calcutta27 Jun 2024
Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ
Section 143(3) of the Income Tax Act, 1961 (hereinafter
Page 5 of 77
referred to as ‘the Act, 1961’) relating to the assessment year
2006-07.
6.
In appeal filed by the respondent ITC before the CIT[Appeal], the
appeal was allowed and the receipt of the aforesaid amount of
Rs.32.42 crores was held to be a capital receipt
