DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 2, BELAGAVI vs. M/S NIRANI SUGARS LIMITED, BELAGAVI
In the result, the appeal of the Revenue is dismissed
ITA 178/PAN/2018[2011-12]Status: DisposedITAT Panaji23 Jun 2022AY 2011-12
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Shri Ashok Kulkarni, AdvFor Respondent: Smt Rijula Uniyal, Sr. DR
Section 139(1)Section 36Section 36(1)(iii)
depreciation at the higher rate @80% before the due date of furnishing the return of income u/s 139(1) of the Income Tax Act, 1961 and that the ld.
CIT(A) was not justified in deleting the addition of Rs.2,75,00,000/- as per section 36(1)(iii) of the Income Tax Act, 1961 on account of interest
