Jindal Power Limited, Raigarh vs Deputy Commissioner Of Income Tax, ... on 25 June, 2024
Decision -- I have considered the rival submissions. It is clear that during
A.Y. 2009-10 section 32 (ii)(a) was silent about the power generating/
generating and distributing units. The assessee has not disclosed the
material fact during assessment proceedings u/s 143(3) of IT Act. The law
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Jindal Power Limited Vs. Jt. CIT, Range-1, Bilaspur
ITA No.200/RPR/2017
which was not there cannot be availed by any person unless the legislature
clearly allow for availing of the same. The retrospective effect cannot be
given in absence of direction given by the legislature. The argument of the
learned AR does not have force. I find no infirmity in the findings given by
the AO and the addition made by the AO is hereby confirmed.