SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DEPUTY COMMISSIONEROF INCOME TAX, CIRCLE -2, AJMER, AJMER

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

TP adjustments. The adjustment so made are as under: a) Reduction in claim u/s 80-IA on power undertakings for an amount of Rs. 2,70,66,00,914/-. b) Reduction in claim u/s 80-IA on Solid Waste Management System for an amount of Rs. 90,55,18,397/-. c) Reduction in claim u/s 80-IA on Water Treatment

SHREE CEMENT LIMITED,BEAWAR vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the Revenue in ITA No

Bench: or at the time of hearing of this appeal.

TP adjustments. The adjustment so made are as under: a) Reduction in claim u/s 80-IA on power undertakings for an amount of Rs. 2,70,66,00,914/-. b) Reduction in claim u/s 80-IA on Solid Waste Management System for an amount of Rs. 90,55,18,397/-. c) Reduction in claim u/s 80-IA on Water Treatment

ASSISSTANT COMMISSIONER OF INCOME TAX, AJMER vs. SHREE CEMENT LTD, BEAWAR

TP adjustments. The\nadjustment so made are as under:\na) Reduction in claim u/s 80-IA on power undertakings for an\namount of Rs. 2,70,66,00,914/-.\nb) Reduction in claim u/s 80-IA on Solid Waste Management\nSystem for an amount of Rs. 90,55,18,397/-.\nc) Reduction in claim u/s 80-IA on Water Treatment

SHREE CEMENT LIMITED,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, this appeal of the assessee is partly allowed and appeal of the Revenue is dismissed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

TDS amounting to Rs. 7,99,142/- as business expenditure under section 37(1) of the I.T Act. 22. The brief facts of the case are that the assessee during the assessment year under appeal had paid interest of Rs. 7,99,142/- on late deposit of TDS, which has been added back in the computation of income while computing