M/S SESA RESOURS LTD (FORMERLY V. S. DEMPO & CO. PVT. LTD,PANAJI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PANAJI
In the result, the appeal filed by the assessee is allowed
ITA 396/PAN/2018[2004-05]Status: DisposedITAT Panaji01 Sept 2022AY 2004-05
Bench: Shri C.M. Garg & Shri Girish Agrawalassessment Year: 2004-05 Sesa Resources Limied Vs. Acit, (Formerly V.S. Dempo & Co., Pvt. Circle-1(1), Aayakar Ltd.), Bhavan, Sesa Ghor, 20 Edc Complex, Edc Complex, Patto, Patto, Panaji, Panaji, Goa – 403 001. Goa. Pan: Aaacv7160R
For Appellant: Shri Rajiv Khandelwal, CAFor Respondent: Shri Ranjan Kumar, CIT, DR
Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 274Section 47Section 80H
27,324/-.The difference in deduction allowed u/s 80HHC was on account of exclusion of Interest income of Rs.1,66,46,940/- from profits
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of Business & applying of explanation (baa) of Sec. 80HHC to the following receipts:- i)
Sale of premises/construction receipts
Rs. 2,43,05,846/- ii)
Hire charges from transshipper
Rs. 2,87,21,342/- iii)
Barge
