Essel Mining & Industries Limited vs. Deputy Commissioner of Income Tax
Parties Involved
Facts Summary
The case involves multiple appeals by Essel Mining & Industries Limited and the Revenue for Assessment Years 2011-12 and 2012-13. The appeals arise from orders passed by the Commissioner of Income Tax (Appeals) under section 250 of the Income Tax Act, 1961. Key issues include disallowance under section 14A, allocation of Director's and Auditor's remuneration, allocation of legal and professional fees and travelling expenses, and disallowance of a fine paid to Vishakhapatnam Port Trust.…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance under section 14A of the Act
- 2. Allocation of Director's and Auditor's remuneration
- 3. Allocation of legal and professional fees and travelling expenses
- 4. Disallowance of fine paid to Vishakhapatnam Port Trust
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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