Rajasthan State Ganganagar Sugar Mills Limited vs ACIT, Circle-6, Jaipur

Parties Involved

Facts Summary

The assessee, Rajasthan State Ganganagar Sugar Mills Limited, a company engaged in the business of manufacturing and trading of sugar and liquor, filed its return of income on 13.02.2021 declaring a total income of Rs 96,73,41,730. The case was selected for scrutiny and the Assessing Officer completed the assessment under section 143(3) read with section 144B of the Income Tax Act, 1961 on 16.09.2022 at a total income of Rs 1,31,88,26,329 after making certain additions. The assessee filed an appeal before the Commissioner of Income Tax (Appeals) on 15.10.2022. The learned CIT(A) dismissed the appeal ex parte and confirmed all the additions. The assessee is in appeal before the Income Tax Appellate Tribunal against the first and the third items in the table above.…

Legal Issues

• 1. Whether the learned CIT(A) grossly erred in passing the ex-parte order and confirming the addition made by the Assessing Officer.
• 2. Whether the Assessing Officer grossly erred in disallowing in deduction of Rs 35,00,00,000 u/s 80G claim by the assessee on account of CSR expenses.
• 3. Whether the Assessing Officer grossly erred in disallowing the interest of Rs 14,186/- paid by the assessee on late payment of TDS.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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