DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the assessee are dismissed

Bench: Shri Duvvuru Rl Reddy, Vp & Shri Rajesh Kumar, Am

1 is dismissed. 7. The second issue raised in this appeal by the Revenue is against the deletion of addition of ₹17,48,07,676/- by the learned CIT (A) as made by the AO on account of interest income earned on MP-LAD fund. 7.1. During the course of assessment proceedings, the learned Assessing Officer observed that assessee received

JOINT COMMISSIONER INCOME-TAX(IN-SITU), CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the assessee are dismissed