2015 (7) TMI 1183

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....MBER This is an appeal filed by the revenue directed against the order of the Commissioner of Income Tax (Appeals) dated 17.9.2014 for the assessment year 2011-12 on the following grounds :- 1. "On the facts & in the circumstances of the case, the Ld. CIT(A) has erred in deleting the disallowance of Rs. 1,45,985/- on account of Molasses Reserve Fund by ignoring the fact that Molasses Reserve F....

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....ssee. 3. On a careful consideration of the facts and circumstances of the case and a perusal of the papers on record and the orders of the authorities below we hold as follows :- 4. Ground No. 1 is on the deletion of disallowance of Rs. 1,45,985/- on account of Molasses Reserve Fund . At page 19 para 8 the first appellate authority followed the order of the coordinate bench of the Tribunal in th....