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Section 32(2)2 Section 31(1)2 Section 32(1)2 Business Income2 Depreciation2 Addition to Income2 Set Off of Losses2 Carry Forward of Losses2

M/S BHARAT COOKING COAL LIMITED ,DHANBAD vs. ACIT CIRCLE-1 , DHANBAD

In the result, appeal of the revenue is dismissed and appeal by the assessee is partly allowed as well as cross-objection by the assessee is allowed

ITA 290/RAN/2017[08-09]Status: DisposedITAT Ranchi31 Mar 2023

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 31(1)Section 32(1)Section 32(2)

iii) Directors salary/remuneration amounting to Rs. 0.4381 crores mentioned u/s 40A(2)(b). These expenses were added by appellant in computation by mistake, none of the expenditure are disallowable as per income tax act. Ld. CIT(A) should have considered on merit the allowability of the expenses incurred by the appellant which is not disputed. It may be mentioned that

ACIT CIR-1 , DHANBAD vs. M/S BHARAT COKING COAL LTD, DHANBAD

In the result, appeal of the revenue is dismissed and appeal by the assessee is partly allowed as well as cross-objection by the assessee is allowed