Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]

afforestation - land - assessee - ITAT - NPV - Taxscan

In a ruling in favour of Orissa Minning Corporation the Cuttack Bench, of the Income Tax Appellate Tribunal ( ITAT ), held that benefits were not derived from compulsory afforestation done on land not owned by the assessee and upheld the deletion of addition made on NPV. Shri Siddharth Ranjan appeared for the assessee and…

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