ACIT v. Mahakaushal Sugar & Power Industries Ltd. (2023) 199 ITD 257 (Jabalpur) (Trib.)

S. 69 : Unexplained investments-Plant and machinery-Purchase bills furnished-Deletion of addition is affirmed- Power generation-Matter remanded.[S.80IA]

Dismissing the appeal of the Revenue the Tribunal held that the assessee has furnished copy of purchase bills, accounts were audited and same did not reflect any adverse opinion by auditor. Order of CIT(A) deleting the addition is affirmed.    As regards profits derived from power generation, the matter is remanded to the file of the Assessing Officer.  (AY. 2017-18)