SBS BIOTECH UNIT II,SIRMOUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH
In the result, the appeal of the assessee is allowed
ITA 413/CHANDI/2024[2017-18]Status: DisposedITAT Chandigarh25 Feb 2025AY 2017-18
Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)
For Appellant: Shri Ajay Jain, C.AFor Respondent: Shri Abhishek Pal Garg, DR
Section 143(1)Section 143(2)Section 147Section 148Section 263Section 801CSection 80I
920/- chargeable to tax for the assessment within the meaning of Clause (b) of explanation 2 of section 147 of the Income Tax Act, 1961 for the Assessment Year 2017-18 and hence it is a fit case for initiation of proceedings in terms of section 147 of the Income Tax Act,
1961. 7. Applicability of the provisions of section