PLASCOM INDUSTRIES LLP,KOLKATA vs. THE INCOME TAX OFFICER, WARD-1(3), GUWAHATI
In the result, appeal of the assessee is allowed
ITA 280/GTY/2025[2023-24]Status: DisposedITAT Guwahati02 Mar 2026AY 2023-24
Bench: SHRI GEORGE MATHAN, JUDICIAL MEMBER SHRI LAXMI PRASAD SAHU (Accountant Member)
For Appellant: S.M. Surana, AdvocateFor Respondent: Sanjay Jha, JCIT
Section 133(6)Section 142(1)Section 250Section 801ESection 801E(3)Section 801E(4)Section 801E(5)Section 801E(6)Section 80I
capital account. Therefore, the AO computed the interest expenses @ 12% at Rs.
1,86,08,294/- which comes to Rs. 22,32,995/- and this amount was treated as income was proposed to be disallowed as per section 80IE(6) r.w.s. 80IA(8) of the Act and show cause notice was issued to the assessee against the show cause notice
