SUN PHARMACEUTICALS INDUSTRIES LTD. ( ERSTWHILE RANBAXY LABORATORIES LIMITED),BARODA vs. THE ACIT,CENT.CIRCLE-1, BARODA
ITA 702/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad08 Apr 2021AY 2011-12
For Appellant: Shri S.N. Soparkar, Sr. A.RFor Respondent: Shri Mohd Usman, CIT-D.R
Section 115JSection 143(2)Section 143(3)Section 144CSection 144C(5)Section 37(1)Section 92C
capital gains claimed as exempt u/s. 10(38), disallowance u/s. 14A could be made. The Assessing
Officer failed to appreciate that ii was not open to the AC) to take a different stand to disregard the specific directions of the DUP on the matter.
4.3 Without prejudice to the above, the Assessing Officer erred in proceeding to disallow additional amount
