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)
1.
"Whether
on
the
facts
and
in
the
circumstances of the case, the Tribunal is right in
law
in
setting
aside
the
disallowance
of
3
expenditure of earning exempt income under
Sec.14A of the Act by erroneously holding that no
disallowance is called for under Section 14A of the
Act by following earlier order which has not
reached finality even
