M/S.SHEETAL REAL vs. INCOME TAX OFFICER
In the result, the appeal fails and the substantial questions of law
ITA/83/2010HC Orissa08 Feb 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 260ASection 372A
Section 14A of the Act. It
was pointed out that the said conclusion is reached because nexus has not
been established between expenditure disallowed and earning of exempt
income. The revenue failed to substantiate their argument that the assessee
was required to maintain separate accounts and that the revenue has failed
ITA/83/2010
REPORTABLE
Page 50 of 60
to refer
