COMMISSIONER OF INCOME TAX, KOL-I, KOL vs. M/S. JINDAL INDIA LTD.
In the result, the appeal filed by the revenue
ITA/95/2011HC Calcutta16 Mar 2023
Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 16Th March, 2023 Appearance : Mr. Smarajit Roychowdhury, Adv. ...For The Appellant. Mr. J. P. Khaitan, Sr. Adv. Mr. Sanjoy Bhowmick, Adv. Ms. Swapna Das, Adv. ...For The Respondent. The Court : This Appeal Filed By The Revenue Under Section 260A Of The Income Tax Act, 1961 (The ‘Act’ For Brevity) Is Directed Against The Order Dated 30Th November, 2010 Passed By The Income Tax Appellate Tribunal, “A” Bench, Kolkata (The Tribunal) In Ita No.368 & 369/Kol/2010 Years 2005- 06 & 2006-07. The Revenue Has Raised The Following Substantial Questions Of Law For Consideration:
Section 2(18)(b)Section 2(22)(e)Section 260ASection 31
35,48,466/- for the assessment year 2005-
06 and Rs.1,18,50,085/- for the assessment
year 2006-07 relating to purchase of steel
rolls
by
treating
the
same
as
revenue
expenditure ?
(ii)
Whether the learned Tribunal below committed
substantial error of law in deleting the
addition
of
Rs.5,24,80,600/-
for
the
assessment year
