SATIA INDUSTRIES LIMITED,MUKTSAR, PUNJAB vs. DCIT, ACIT CIRCLE 1, BATHINDA
In the result, the appeal is partly allowed
ITA 527/ASR/2024[2020-21]Status: DisposedITAT Amritsar28 Feb 2025AY 2020-21
Bench: Shri Udayan Das Gupta & Shri Krinwant Sahayआयकरअपीलसं./Ita No. 527/Asr/2024 िनधा"रणवष" / Assessment Year : 2020-21
For Appellant: S/Shri Sudhir SehgalFor Respondent: Shri K. Mehboob Ali Khan, CIT DR
Section 143(2)Section 143(3)Section 144C(13)Section 144C(5)Section 80
x 82.26%), as compared to the
assessee's reported value of Rs. 47,97,24,777, resulting in a
527-Asr-2024
Satia Industries, Muktsar
34
difference of Rs. 1,95,80,958. The assessee had adopted the
Transactional Net Margin Method (TNMM), while the Dispute
Resolution Panel (DRP) considered the Cost-Pius Method (CPM) as
the most appropriate method