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
