In the result appeal filed by the assessee stands dismissed, in terms of our observations here in above
Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am (Ita No. 226/Rpr/2022) (Assessment Year: 2017-18) Gopal Sponge & Power Pvt. Ltd., Vs Assistant Commissioner Of Income Village- Siltara, Near Industrial Tax, Circle-1(1), Raipur, (C.G.) Growth Centre, Phase- 2, Raipur, (C.G.) Pan: Aaccg1525F (अपीलाथ" /Applicant) (""यथ" / Respondent) .. िनधा"रती क" ओर से /Assessee By : Shri B. Subramanyam, Ca राज"व क" ओर से /Revenue By : Shri S.K. Meena, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 02-08-2023 घोषणा क" तार"ख/Date Of Pronouncement : 17-10- 2023
section 80 AC of IT Act, 1961. Therefore, deduction claimed by assessee amounting to Rs. 8,68,43,623/- is irregular & should be added back to the total income of assessee. This would result in short levy of tax i.e., Rs. 3,85,59,192/- including interest. 6 Addition as above Rs. (rounded to nearest ten) 8,68