The Commissioner Of Income-Tax (Vidarbha), Nagpur v. M/S. Ballarpur Industries Ltd., New Delhi

itr.61.94 IN THE HIGH COURT OF JUDICATURE AT BOMBAYNAGPUR BENCH, NAGPUR INCOME TAX REFERENCE NO.61 OF 1994 (The Commissioner of Income-tax (Vidarbha), Nagpur vs. M/s. Ballarpur Industries Ltd., New Delhi) =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=Office notes, Office Memoranda of Coram, appearances, Court's orders Court’s or Judge’s Ordersor directions and Registrar’s orders. =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= Shri S.N. Bhattad, Advocate for the Applicant.Shri K.P. Dewani, Advocate for the Non-Applicant. CORAM: B.P. DHARMADHIKARI ANDV.M. DESHPANDE, JJ. th FEBRUARY, 2016. DATE : 11 Following two questions have been referred to thisCourt, which read thus : “1. Whether on the facts and in the circumstances of the case, the ITAT was justified in cancelling the orderpassed by the CIT u/s 263(1) of the Act and inrestoring the order of the Assessing Officer ? 2. Whether one unit of the assessee companygenerating steam and power can be considered to havemade the sale to another unit of the same plant of theassessee and in turn generate profits for the purpose ofsection 80HH ?” Perusal of the rectification order under section 154read with section 263(1) of the Income-tax Act, 1961 passed on 15/04/1988 shows the total dis-allowance in dispute to beRs.10,03,113/-. Therefore, even if reference is answered infavour of the department, resulted tax effect is Rs.5,76,790/-. In this situation, applying Instruction No.21, dated 10/12/2015, we return the reference unanswered. *sandesh JUDGE JUDGE