ACIT CORPORATE CIRCLE 2, COIMBATORE vs. SHANTHI GEARS LIMITED, COIMBATORE
In the result, the appeal of the Revenue is dismissed
ITA 3068/CHNY/2017[2013-14]Status: DisposedITAT Chennai04 Mar 2022AY 2013-14
Bench: Shri Mahavir Singh & Shri Girish Agrawalआयकर अपील सं./Ita No.:3068/Chny/2017 िनधा"रण वष" /Assessment Year: 2013 - 2014
For Appellant: Mr. G. Johnson, Addl. CITFor Respondent: Mr. R. Vijayaraghavan, Advocate
Section 139(1)Section 143(3)Section 80ASection 80I
68,651 is not allowed to the Assessee.”
4. Aggrieved, the Assessee came in appeal before the
Commissioner of Income Tax (Appeals). The Commissioner
of Income
Tax
(Appeals) after considering various
submissions, allowed the claim of the Assessee by observing
in paragraphs no.5.4 and 5.5, as under:
“5.4. Considering both the arguments, it is necessary to analyze the existing statutory