JCIT(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\nassessee are dismissed

1 is dismissed.\nThe second issue raised in this appeal by the Revenue is\nagainst the deletion of addition of ₹17,48,07,676/- by the\nlearned CIT (A) as made by the AO on account of interest\nincome earned on MP-LAD fund.\n7.1. During the course of assessment proceedings, the\nlearned Assessing Officer observed that assessee received\nfunds