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
short), allowing the assessee’s appeal contesting it’s assessment under section 143(3) dated
24/12/2019 of the Income Tax Act, 1961 (‘the Act’ hereinafter) for Assessment
Year (AY) 2017-18. 2. The appeal raises two issues, which we shall take up in seriatim. Ground # 1
is in respect of an addition for u/s. 69 for Rs. 411.98 lacs
