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2 results for “section 68”+ Section 270Aclear

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Key Topics

Section 143(3)2Section 144C(13)2Section 802Section 1442Section 69A2Section 44A2Addition to Income2

SHRI MOHD MANZOOR,RAJOURI vs. INCOME TAX OFFICER WARD -2 (3), JAMMU

In the result, the appeal of the assessee bearing ITA No

ITA 166/ASR/2022[2017-18]Status: HeardITAT Amritsar21 Sept 2023AY 2017-18

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 144Section 250oSection 28Section 44ASection 69A

270A(2)(b) for under-reporting of income are being initiated separately. 7.8Thatthe Ld. CIT(A) has failed to appreciate that the AO has made addition to the tune of Rs. 1124000/- u/s 69A and has relied upon the judgement of Supreme Court in the case of Chuharmal Vs CIT reported in 172 ITR 250. The said judgement

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

68,26,820/- by applying 63.79% of total cost incurred. That the DRP has erred in rejecting the value o' power considered by the assessee on the basis TNM method at Rs 47,97,24,111/-and confirming addition of Rs 12,28,97,957/-. 6. The AO on the directions of DRP had erred both in fact