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Section 26311 Section 32A3 Section 40A(3)2

M/S. GUJARAT AMBUJA EXPORTS LTD.,,AHMEDABAD vs. THE PR. CIT-1, AHMEDABAD

In the result the order of the Ld

ITA 194/AHD/2022[2017-18]Status: DisposedITAT Ahmedabad26 Sept 2025AY 2017-18

Bench: SMT. ANNAPURNA GUPTA (Accountant Member), Ms. SUCHITRA KAMBLE (Judicial Member)

For Appellant: Shri Tushar Hemani, Sr. Advocate &For Respondent: Shri Alpesh Parmar, CIT.DR

Section 143(3)Section 144C(3)Section 263Section 32ASection 35ASection 40A(3)

depreciation claim is reduced against this amount. Hence, the present issue is not fit case under the criteria as envisaged u/s. 263 of the Income Tax Act, 1961. The Ld. PCIT erred in invoking the powers u/s. 263 of the Act on this issue. ITA No. 194/Ahd/2022 [ M/s. Gujarat Ambuja Exports Ltd. vs. Pr.CIT] A.Y. 2017-18 - 3 – 5 Ground