1984 (9) TMI 108 - AT - Income Tax

Summary

The ITAT Delhi-B upheld the order of CIT(A) allowing the statutory liability under s. 18A of U.P. Sheera Niyantran Adhiniyam, 1964 for a Public Limited Company manufacturing sugar. The assessee had made a provision for contribution to molasses storage fund, which was deemed as diversion of income at source. The ITAT dismissed the departmental appeal, following a similar decision in a previous case.