ITO, WARD-3(3), AURANGABAD vs. M/S SAMRAT FUEL ENTERPRISES, ROHTAS
In the result, the appeal of the revenue is dismissed
ITA 37/PAT/2018[2010-11]Status: DisposedITAT Patna14 Aug 2024AY 2010-11
Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. No.37/Pat/2018 Assessment Year: 2010-11 Income Tax Officer, Ward-3(3), ………. Appellant Vs. M/S. Samrat Fuel Enterprises ………… Respondent (Pan: Aarfs0206P) Appearances By: Shri Ashwani Kumar, Sr. Dr Appeared For Appellant Shri Rajesh Mahajan, Ca Appeared For Respondent. Date Of Concluding The Hearing : 11.07.2024 Date Of Pronouncing The Order : 14.08.2024 Order Per Dr. Manish Borad: This Appeal Filed By The Revenue Pertaining To The Assessment Year (In Short “Ay”) 2010-11 Is Directed Against The Order Passed U/S 250(6) Of The Income Tax Act, 1961 In Short The “Act”) By Ld. Commissioner Of Income-Tax (Appeal)-1, Patna [In Short Ld. “Cit(A)”] Dated 05.12.2017 Arising Out Of The Assessment Order Framed U/S 143(3) Of The Act By Ito, Ward-3(3), Gaya Dated 27.12.2012. I.T.A. No. 01/Pat/2023 A Y: 2013-14, Suman Kr. Singh
Section 143(3)Section 154Section 250(6)Section 40
67,794/-. Later on, Ld. AO while examining the assessment records noticed that the assessee firm has claimed remuneration to its partners at Rs.11,05,190/- and for calculating the remuneration interest on FDR has also been included in the Book Profit. Ld. AO denied the said claim and recomputed the remuneration and disallowed the alleged excess amount of
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