M/S. G.S. ATWAL & COMPANY (ENGINEERS) PVT. LTD., ,KOLKATA vs. DCIT, CIRCLE - 11(1) , KOLKATA
In the result, both the appeals of the assessee are allowed
ITA 1937/KOL/2019[2005-06]Status: DisposedITAT Kolkata18 Jun 2021AY 2005-06
Bench: Sri J. Sudhakar Reddy & Sri Aby T. Varkey)
Section 143(1)Section 143(3)Section 147Section 148Section 154Section 234DSection 250Section 32(1)(iia)
145A and the CBDT’s Circular, it is amply clear that the interest on delayed payment of Arbitration Award amount cannot be assessed to income-tax in one lump-sum in the year under appeal in which
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I.T.A. Nos. 1937 & 1938/Kol/2019
Assessment Years: 2005-06 & 2006-07
M/s. G.S. Atwal & Co. (Engg.) Pvt. Ltd.
the same was received, rather
