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2 results for “section 68”+ Section 144C(1)clear

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Key Topics

Section 143(3)3Section 92C3Section 80I3Section 803Section 144C(5)2Section 144C(13)2Deduction2Addition to Income2

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

1. That on the facts and circumstances of the case, the order passed by the AO under section 143(3) read with section 144C(13) in consequence of directions of DRP u/s l44C(5) section 144C(13) in consequence of directions of DRP u/sl44C(5) of the Income Tax Act,1961 in reducing the deduction claimed

SATIA INDUSTRIES LIMITED,MUKTSAR vs. DCIT/ACIT CIRCLE I, BATHINDA, BATHINDA

In the result, the appeal of the assessee is partly allowed

ITA 702/ASR/2024[2021-22]Status: DisposedITAT Amritsar16 Dec 2025AY 2021-22

Bench: Dr. M. L. Meena & Sh. Udayan Dasgupta

For Appellant: Sh. Rohit Kapoor, Adv. &
Section 143(3)Section 144C(1)Section 144C(2)Section 144C(5)Section 80Section 80GSection 80ISection 92C

144C(5) vide order dated 30th September, 2024, where the adjustments were revised to Rs. 6,66,54,028/- (against the initial suggested amount of Rs.19.44 crores). 8. As such, considering the direction of the DRP and the order in effect of the TPO the adjustments has been revised at Rs. 6.66 crores resulting in an addition to the total