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Showing contexts for: iron ore processing in M/S. Ramgad Minerals And Mining ... vs Assistant Commissioner Of Income Tax, ... on 4 November, 2020Matching Fragments
4. For the above and any other reason which may be adduced at the time of hearing, the appellant prays to allow the expenses of SPV Charges and R&R expenses in full as per Ground no.1 and
2. The appellant further prays to allow adding, altering or amending any of the aforesaid grounds of appeal at or before the time of hearing.
Brief facts of the case for A. Y. 2013 - 14 are as under:
2. Assessee is a private limited company wherein public are not substantially interested. It is into the business of extraction of iron ore, processing the iron ore and trading in the same. Further assessee owns windmills and generates and supplies power using wind energy. For year under consideration, the assessee filed its return of income declaring total income of Rs.9,91,20,010/- after setting off unabsorbed depreciation against the current year income of Rs.8,13,90,802/- and claimed deduction under section 80IA of Rs.27,97,65,181/- under normal provisions of the Act.