ACIT, CENTRAL CIRCLE, PANAJI vs. M/S SOCIADADE DE FOMENTO INDUSTRIAL P. LTD, MARGAO
In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed
ITA 116/PAN/2018[2010-11]Status: DisposedITAT Panaji12 Sept 2022AY 2010-11
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
For Appellant: Sh. Nishant Thakkar, AdvocateFor Respondent: Sh. Ranjan Kumar, CIT-DR
Section 143(1)Section 143(2)Section 14A
94,32,433/- in view of the fact that the explanation to section 9(1)(vii) inserted by the Finance Act. 2010
got the assent of the President on 08/05/2010 and hence not applicable for the assessment year under appeal.
5. The Ld. CIT(A) erred in upholding the addition made by the AO towards contribution of Rs.20
