DCIT, CC-I, CHANDIGARH , CHANDIGARH vs. VALCO INDUSTRIES LTD., , CHANDIGARH
In the result, the appeal of the Revenue is dismissed
ITA 574/CHANDI/2023[2013-14]Status: DisposedITAT Chandigarh15 Oct 2024AY 2013-14
Bench: The Hon'Ble Punjab & Haryana High Court? Ii) Whether On The Facts & Circumstances Of The Case & In Law, Ld. Cit(A) Is Right Holding Such Consequential Order As Void An Initio Ignoring The Facts That Order Passed By Ld. Pcit (Central), Gurugram U/S 263 Has Not Attained Its Finality? Iii) Whether On The Facts & In Circumstances Of The Case & In Law, The Ld. Cit(A) Was Right In Holding That Consequential Order Passed U/S 147 R.W.S. 263 Of The Act As Void As Initio Without Giving Any Liberty To The Revenue To Revive The Proceedings Consequent To Any Directions Or Order
For Appellant: Shri Tejmohan Singh, AdvocateFor Respondent: Smt. Kusum Bansal, CIT, DR
Section 143(3)Section 147Section 148Section 263Section 80I
reassessment was completed u/s 147 r/w 143(3) on 27/11/2017 at an income of Rs 8,87,92,864/- wherein the deduction claimed u/s 80IC was restricted to 30% as against 100%
claimed by the assessee. On appeal, the disallowance
