COMNR.OF INCOME TAX vs. NEELACHAL ISPAT NIGA

Appeals are dismissed

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

disallowing a claim put forth by the assessee and if that is not the correct thing, it can amount to an erroneous order. The Tribunal as well as the Commissioner of Income Tax have placed reliance on the decision of this Court in the case of CIT –vs- INFOSYS TECHNOLOGIES LTD. RENDERED ON 4TH JANUARY, 2012 IN ITA NO. 588/2006

PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) vs. INDRANI PATNAIK

Bench: MR. JUSTICE ARINDAM SINHA,MR. JUSTICE M.S.SAHOO

17,95,500/- as ‘unexplained expenditure’ in complete disregard of the system of accounting and the applicable accounting standards. August, 2020 passed by ITAT in ITA No. 6448/Del/2015 for the Assessment Year 2011-12. This is a digitally signed Judgement. NEUTRAL CITATION NO: 2022/DHC/000993 ITA No.55/2022 Page 2 of 4 3. Having perused the paper book, this Court finds that