ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -2(1), JABALPUR vs. M/S. MAHAKAUSHAL SUGAR & POWER INDUSTRIES LTD., NARSINGHPUR
In the result, the Revenue’s appeal is partly allowed for statistical purposes
ITA 44/JAB/2020[2017-18]Status: DisposedITAT Jabalpur29 Nov 2022AY 2017-18
Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble
For Appellant: Shri Sanjay Kumar, CIT-DRFor Respondent: Shri Rahul Bardia, FCA
Section 143(3)Section 69Section 80
depreciation thereon stands claimed, albeit for and under the sugar division. We, accordingly, find no reason for the denial of the eligibility for deduction u/s. 80-IA on the profit derived from power generation, captively consumed by it’s sugar division. We are to this extent in agreement with the ld. CIT(A). The same, however, only decides the aspect
