COMM OF INCOME TAX, HYD vs. M/S. BALAN NATURAL FOOD PRIVATE LTD., HYD
ITTA/140/2016HC Telangana12 Oct 2018
Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI
Section 10Section 115Section 115JSection 143(1)Section 143(2)Section 14ASection 260Section 36Section 36(1)(vii)Section 36(1)(viii)
disallowed the aforesaid amount in terms of Section 14A
of the Act. A sum of Rs.3,43,28,658/- being 5% thereof
was estimated as expenditure incurred for earning such
income.
3.
The assessee, thereupon, filed an appeal. The
Commissioner of Income Tax (Appeals) by an order
dated 31.05.2011 partly allowed the appeal. Being
aggrieved, the revenue as well
