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2 results for “section 68”+ Section 801Aclear

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Key Topics

Section 1546Section 805Section 143(1)5Section 92C3Section 80I3Deduction2Disallowance2Addition to Income2

INCOME TAX OFFICER, FEROZEPUR vs. UNIVERSAL BIOMASS ENERGY PVT LTD, GURUHARSAHAI

In the result, the appeal of the Revenue is dismissed

ITA 231/ASR/2024[2020-21]Status: DisposedITAT Amritsar28 Jul 2025AY 2020-21

Bench: Sh. Udayan Dasgupta & Sh. Brajesh Kumar Singh

For Appellant: Sh. Ashray Sarna, C.A
Section 140ASection 143(1)Section 154Section 250Section 80Section 801ASection 801A(4)Section 801A(7)

section 801A(7) of the Income Tax Act, 1961 3. That on the facts and circumstances of the case, the CIT(A) has erred on facts and in law allowing appeal of the assessee without verifying the fact that the assesses filed its Audit report in Form 3-CA and Form-3CD after the prescribed one date.” 3. There

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

68,04,719/- (24.98% of total sales of Rs.62.74 crores) was reduced to Rs. 14,00,93,424/- (calculated @ 24.98% of Rs.56.08 crores) thus resulting in the excess claim of deduction u/s 80IA of Rs.1,67,11,295/- being disallowed and added back to the total income, against which the assessee is in appeal before this tribunal. 5 I.T.A