M/S. NEW MANGALORE PORT AUTHORITY,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-1(1) , MANGALURU
In the result, the appeal of the assessee is allowed and the cross-objection filed by the Revenue is dismissed
ITA 755/BANG/2023[2012-13]Status: DisposedITAT Bangalore19 Dec 2023AY 2012-13
Bench: Shri Chandra Poojari & Ms. Madhumita Roy
For Appellant: Shri V Srinivasan, AdvocateFor Respondent: Shri G Manoj Kumar, CIT (DR)
Section 143(1)Section 143(2)Section 143(3)Section 14ASection 80I
80H-1H nor section 80-1 (as it then stood) statutorily obliged BRPL to maintain its accounts unit- wise and that it was open to BRPL to maintain its accounts in a consolidated form in order to put an end to the litigation between the tax department and the public sector undertaking we remit the case to the Assessing Officer
