PRINCIPAL COMMISSIONER OF INCOME TAX,BHUBANESWAR vs. INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LTD.
In the result, the appeal stands disposed of in terms of
ITA/33/2017HC Orissa14 Nov 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE MURAHARI SRI RAMAN
Section 115Section 115JSection 14Section 14ASection 260Section 45(2)
143(3) of the Act was
passed by the Assessing Officer denying the allowances
claimed by the assessee. Being aggrieved, the assessee
preferred appeal before the CIT(A), which came to be partly
allowed. As such, both revenue and assessee preferred the
appeal before the Tribunal. The Tribunal has allowed the
appeal preferred by the assessee, rejecting the revenue
