THE INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LIMITED,BHUBANESWAR vs. DCIT, CIRCLE-1, BHUBANESWAR
In the result, appeal of the Revenue is dismissed and appeal of
ITA 392/CTK/2017[2009-10]Status: DisposedITAT Cuttack17 Feb 2020AY 2009-10
Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.379/Ctk/2017 (नििाारण वषा / Assessment Year : 2009 - 2010) Dcit, Corporate Circle-1(1), Vs. M/S Industrial Development Bhubaneswar Corporation Of Orissa Ltd., Idcol House, Ashok Nagar, Bhubaneswar स्थायी ऱेखा सं./Pan No. : Aaaci 4821 L & आयकर अपीऱ सं./Ita No.392/Ctk/2017 (नििाारण वषा / Assessment Year : 2009 - 2010) M/S Industrial Development Vs. Dcit, Corporate Circle-1(1), Corporation Of Orissa Ltd., Bhubaneswar Idcol House, Ashok Nagar, Bhubaneswar स्थायी ऱेखा सं./Pan No. : Aaaci 4821 L (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri S.C.Bhadra,Ca राजस्व की ओर से /Revenue By : Shri M.K.Gautam, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 29/01/2020 घोषणा की तारीख/Date Of Pronouncement : 17/02/2020 आदेश / O R D E R Per L.P.Sahu, Am : These Are The Cross Appeals Filed By The Revenue & Assessee, Arising Out Of The Order Dated 15.06.2017 Passed By The Cit(A)-3, Bhubaneswar, For The Assessment Year 2009-2010. 2. First We Shall Take Up The Appeal Of The Revenue In Ita
For Appellant: Shri S.C.Bhadra,CAFor Respondent: Shri M.K.Gautam, CIT-DR
Section 147Section 263
245 ITR 428( Delhi), it is held that the provision towards pay revision debited to the P&L Account is an ascertained liability crystallized in the year under appeal and hence it is an admissible deduction. This ground of appeal of the appellant is allowed.”
From the above observations of the CIT(A), we find that the CIT(A)
while
