Punjab Inds. & Exports Corporation ... vs Department Of Income Tax on 24 October, 2011
On the issue of development expenditure, it was
pleaded by the ld CIT DR that in the assessment order,
facts has been correctl y appreciated whereas the ld
CIT(A) is unjustified while coming to a particular
conclusion. Plea was raised that the impugned order be
set aside. Reliance was placed in the cases of V.N.R.
Meenakshi Ammal v Agricultural ITO & others 82 ITR
676(Mad.