“Section 50(1)(c)”

Section References (mined)Section 50Section 50(1)(c)1 judgments

DHANA-SHREE DEVELOPERS ,MUMBAI vs. PCIT 27 MUMBAI, NAVI MUMBAI

ITA 1771/MUM/2024[2015-16]Status: DisposedITAT Mumbai04 Jun 2025AY 2015-16

Bench: SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

For Appellant: Shri Bhupendra ShahFor Respondent: Ms. Neena Jeph

Section 143(3)Section 147Section 148Section 263Section 43C

note that the Proviso to Section 43CA of the Act inserted by way of Finance Act, 2018 along with Third Proviso to Section 50(1)(c) of the Act. Both the provisos provided for a tolerance band of 5% which was enhanced to 10% by way of Finance