ITAT Hyderabad Deletes ₹38.15 Cr Disallowance on NCWA Education Contributions

Singareni Collieries Co. Ltd Vs DCIT (ITAT Hyderabad) ITAT Hyderabad Grants Major Relief to Singareni Collieries – Educational Society Contribution Allowed, Other Additions Remanded Hyderabad Tribunal delivered a consolidated order on cross appeals filed by Singareni Collieries Co. Ltd. (“SCCL”) and the Revenue against CIT(A)/NFAC’s order dated 30.01.2024 for AY 2018-1 1. Closing Stock Difference (₹6.91 Cr) AO added difference between standalone & consolidated financials as unexplained stock. Tribunal: Difference may relate to subsidiary’s stock consolidation. Matter remanded t...