KESORAM INDUSTRIES LIMITED vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 2, KOLKATA

The appeals are allowed and substantial

Bench: Us In These Two Appeals.

47,311/- for the assessment year 2008-09 and a sum of Rs.1,99,90,545/- for the assessment year 2009-10. Aggrieved by the same, the assessee preferred appeal before the Commissioner of Income Tax (Appeals) (CIT(A)). It was contended before CIT(A) that the Assessing Officer erred in disallowing the amount mentioned above under Section