DCIT, BHUBANESWAR vs. ORISSA POWER GENERATION CORPORATION LTD, BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

iv.) In the case of Housing Urban Development Corporation Ltd. vs. Addl CIT (101 taxmann.com 403), the assessee had claimed deduction on account of ad hoc provision of salary amounting to Rs. 1,60,00,000. This deduction was claimed by the assessee on account of provision for revision of pay in the books of account. This claim for deduction

M/S. ODISHA POWER GENERATION CORPORATION LTD.,BHUBANESWAR vs. DCIT, CIRCLE-1(1), BHUBANESWAR, BHUBANESWAR

In the result, appeal of the assessee is partly allowed