Noida Power Company Ltd. Vs. ACIT

Parties Involved

Facts Summary

An assessment order was passed under section 143(3) of the Income Tax Act, 1961, accepting the return income at Rs. 1,14,21,99,770/-. However, interest was charged under sections 234B and 234C of the Act amounting to Rs. 15,24,743/- and Rs. 15,806/- respectively. The Assessee appealed against this order to the Commissioner of Income Tax (Appeals) (CIT(A)), which was dismissed on the ground that the Assessing Officer (A.O.) had not made the addition in the Assessment Order. The Assessee then filed the present appeal against the order of the CIT(A).…

Legal Issues

• 1. Whether the CIT(A) was correct in dismissing the appeal on the ground that the A.O. had not made the addition in the Assessment Order?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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