SALGAOCAR MINING INDUSTRIES PRIVATE LIMITED.,PANAJI vs. THE JOINT COMMISSIONER OF INCOME TAX, MARGAO RANGE., MARGAO
In the result, the appeal filed by the Revenue in ITA
ITA 118/PAN/2016[2011-12]Status: DisposedITAT Panaji05 Oct 2023AY 2011-12
Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)
For Appellant: Shri Sukhsagar SyalFor Respondent: Shri Prabhakar Anand
Section 143(3)Section 14ASection 41(1)
18, considering the submissions of the assessee that the assessee had purchased iron ore from these parties and in subsequent period it had business transactions with theses parties held that the Assessing
Officer was not justified in invoking the provisions of section 41(1) of the Act.
As regards, the provisions for expenses, considering the submissions of the assessee that