SESHASAYEE PAPER AND BOARDS LTD.,ERODE vs. DCIT NAMAKKAL CIRCLE, NAMAKKAL
In the result, the appeal filed by the assessee is partly allowed
ITA 2835/CHNY/2017[2003-04]Status: DisposedITAT Chennai22 Jul 2022AY 2003-04
Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal
For Appellant: Shri G. Baskar, AdvocateFor Respondent: Shri P. Sajit Kumar, JCIT
Section 143(3)Section 243Section 244Section 244A
244A of the Act, along with the refund, fully satisfies the requirements of Sections 4 and 5 of the Act and, therefore, it has to be taxed in the year of its receipt. The judgment of the Supreme Court in the case of E.D.
Sassoon & Co. Ltd. Vs CIT [1954] 26 ITR 27 squarely supports this view.
The fact that
