Case Law Details
ACIT (OSD) Vs Eastern Coalfield Limited (ITAT Kolkata)
Held that assessee failed to provide details of calculation of the Performance Related Pay; also failed to prove the authority to pay the Performance Related Pay to the employees hence claim of Performance Related Pay is unsustainable
Facts- The assessee is a subsidiary of Coal India Ltd. Its main business is raising coal and selling it as per the guidelines issued by the Ministry of Coal from time to time. Assessment under Section 147 r.w.s. 143(3) of the Act for assessment years 2010-11 & 2011-12 was completed on 11.2015 after making various additions. The additions made by the Assessing Officer were challenged by the assessee before learned CIT(A) and appeal of the assessee was partly allowed.
Now, the Revenue is in appeal on various grounds like –
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