THE REDIANT WAY SCHOOL,RAIPUR (CG) vs. THE THE CHIF COMMISIONER OF INCOME TAX, RAIPUR (CG)

In the result, the appeal of assessee is allowed

253(l)(c) was amended from 1.06.2015 and recovery notice was received after almost 2 and half year years from the date of rejection of Application under section 10(23c)(vi) 6. After carefully considering the facts of the case, on perusal of the case laws relied upon by the Ld AR, since the assessee‟s conduct in the present

DY. C.I.T.1(1), BILASPUR(CG) vs. JSPL,, RAIGARH(C.G)

In the result, the appeal is partly allowed

Bench: : Shri N.S.Saini & Shri Pavan Kumar Gadale, Judical Member Dcit-1(1), Bilaspur- Vs Jspl, 495004 Kharsia Road, Raighagh(Cg) Pan No. : Aabcj 4683 J (Appellant) .. Tsednepser Revenue By : Shri Sanjay Kumar, Dr Assessee By : Shri Mayank Jain, Ar Date Of Hearing : 12/01/2018 Date Of Pronouncement 15/01/2018 आदेश / O R D E R Per Shri N.S.Saini, Am: This Is An Appeal Filed By The Revenue Against The Order Of The Cit(A), Bilaspur, Dated 31.03.2014 For The Assessment Year 2009-2010. 2. The Sole Grievance Of The Revenue Is That The Cit(A) Erred In Deleting The Amount To The Extent Of Rs.2,10,89,707/- Out Of Disallowance Of Rs.3,36,18,098/- Made By The Ao Under The Head Corporate Social Responsibility Expenses. 3. Brief Facts Of The Case Are That The Assessee Is A Domestic Company, A Subsidiary Of Jindal Steel &.Power Limited (Jspl). It Derives Income From Power Generation & Mining. The Company Has Commenced The Commercial Generation Of Thermal Power From Its First Of The Four Units Of 250Mw Each From 08.12.2007. The Assessee Company Filed Its Income Tax Return For The Year Under Consideration Declaring

section 135 the Corporate Social Responsibility (CSR) has been made mandatory for companies having net worth of Rs. 500 crores or more OR having turnover of Rs. 1000 crore or more OR having net profit of Rs. 5 crores or more during any financial year, such company has to expend minimum 2% of net profit in CSR activities