CHHATTISGARH STATE BEVERAGE CORPORATION LTD.,RAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1),RAIPUR, RAIPUR
In the result, appeal of the assessee is allowed for statistical purposes in terms of our aforesaid observations
ITA 198/RPR/2022[2013-14]Status: DisposedITAT Raipur03 Aug 2023AY 2013-14
Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No. 198/Rpr/2022 "नधा"रण वष" / Assessment Year : 2013-14 Chhattisgarh State Beverages Corporation Limited Aabkari Bhavan, Chokra Nala, Labhandi, Raipur-492 001 (C.G.) Pan : Aaccc3163B .......अपीलाथ" / Appellant बनाम / V/S. The Deputy Commissioner Of Income Tax, Circle-3(1), Raipur. ……""यथ" / Respondent
For Appellant: Shri Praveen Jain, CAFor Respondent: Dr. Simran Bhullar, CIT-DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 37
23A of Excise Act, 1968, was merely an application of income and, thus, it could not be allowed as business expenditure under section 37(1).
Therefore, I have reason to believe that the income to the tune of Rs.
40,00,00,000/- chargeable to tax has escaped assessment for the A.Y. 2013-14 within the meaning of Explanation
