A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH
In the result, the appeal of the assessee is allowed
ITA 300/CHANDI/2024[2017-2018]Status: DisposedITAT Chandigarh16 Dec 2024AY 2017-2018
Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)
For Appellant: Shri T.N. Singla, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 143(3)Section 263Section 80ISection 92C
section 80IA. But in actually, the company had incurred loss of Rs. 3,91,00,050/-(561588714-5224S8664) instead of profit amounting to Rs.
24,07,35,537/-. Thus, the company had claimed excess deduction amounting to Rs. 24,07,35,537/-."
In response to this, we would like to inform that Cogen Unit for production of steam
