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Section 2635 Section 2(22)(e)4 Section 682 Section 195(1)2 Disallowance2

COMNR.OF INCOME TAX vs. PARADEEP PHOSPHATES

ITA/113/2013HC Orissa15 Nov 2022

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE MURAHARI SRI RAMAN

Section 143(3)Section 195(1)Section 263Section 40

disallowance of expenditure of Rs.1344,63,25,000/- under Section 40(a)(ia) of the Act. According to the CIT, the aforementioned sum claimed as expenditure towards import value of machinery, spares and raw materials and charged to the P&L account would not be eligible for deduction since the Assessee had not deducted tax under Section 195

M/S.BHASKAR TRADERS vs. ASST.COMMKNR.OF INCOME TAX,BERHAMPUR

The appeals are dismissed

ITA/174/2018HC Orissa