ACIT-3(4), MUMBAI vs. RELIANCE INDUSTRIES LIMITED, MUMBAI
In the result, the appeal of the Revenue is dismissed whereas the appeal of the assessee is allowed
ITA 2898/MUM/2024[2016-17]Status: DisposedITAT Mumbai22 Nov 2024AY 2016-17
Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2016-17 Reliance Industries Ltd., Dy. Cit Circle 3(4), 3Rd Floor, Maker Chamber Iv 222 Room No. 559, Aayakar Bhavan, Nariman Point, Vs. Maharshi Karve Road, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent Assessment Year: 2016-17 Acit-3(4), Reliance Industries Ltd., Room No. 481(2), 4Th Floor, 3Rd Floor, Maker Chamber Iv Aayakar Bhavan, N.M. Road, Vs. Nariman Point, New Marine Lines, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent
For Respondent: Mr. Madhur Agrawal
Section 14ASection 271(1)(c)Section 32A
Penalty levied on disallowance of depreciation on KGD6 Block of Rs. 231,99,95,977/- ignoring the facts that the penalty
