THE ACIT, CIRCLE - 1,, RAJAHMUNDRY vs. THE ANDHRA PRADESH PAPER MILLS LTD.,, HYDERABAD
In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed
ITA 4/VIZ/2014[2007-08]Status: DisposedITAT Visakhapatnam30 Oct 2019AY 2007-08
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
For Appellant: Shri T.M. Shiv Kumar – AdvFor Respondent: Shri T.S.N. Murthy – CIT DR
Section 263Section 32
80E, before its deletion by the Finance Act, 1967, allowed tax holiday to certain specified industries, including those engaged in generation or distribution of electricity or any other form of power. Some other sections, where similar phrase was used were: 10(23f), 33B, 72A(7)(a)(3), 10(6), 10(5)(b), 32A and section 8ORRA. Tribunal agreed with