SHALBY LTD.,AHMEDABAD vs. THE PCIT, AHMEDABAD-3, AHMEDABAD
In the result, the appeal of the assessee is allowed
ITA 1227/AHD/2025[2020-21]Status: DisposedITAT Ahmedabad26 Mar 2026AY 2020-21
Bench: Ms Suchitra Kamble & Shri Narendra Prasad Sinhaassessment Years: 2020-21
Section 132Section 143(3)Section 14ASection 263Section 80G
Charitable Trust
Shalby Ltd. Vs. PCIT, AY- 2020-21
5
it was evident that the expense of Rs. 3 crores as incurred by the assessee was bogus in nature, which would have an impact on the book profit of the assessee. Considering this aspect, the case law relied upon by the assessee was not applicable to the facts
