MAHALINGA TEXTILES,THENI vs. ITO,WARD-1, THENI
In the result, the appeal filed by the assessee is partly- allowed
ITA 1296/CHNY/2023[2015-16]Status: DisposedITAT Chennai20 Feb 2024AY 2015-16
Bench: Shri Mahavir Singh
For Appellant: Shri P.M. Kathir, AdvocateFor Respondent: Shri AR.V Sreenivasan, Addl. CIT
Section 143(2)Section 143(3)Section 263Section 37
sections 30 to 36 and not being in the nature of capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession".
11. The Draft Assessment Order along with computation
