Search: section 68

3 results for “section 68”+ Rectification u/s 154clear

Sorted by relevance

Key Topics

Section 26312 Section 26012 Section 119 Section 12A6 Section 11(1)(a)3 Charitable Trust3 Exemption3 Deduction3 Limitation/Time-bar3 Revision u/s 263

PARADIP PORT AUTHORITY,JAGATSINGHPUR vs. DCIT,CIRCLE-1(1), CUTTACK

In the result, all the three appeals of the assessee are allowed

ITA 208/CTK/2024[2003-04]Status: DisposedITAT Cuttack25 Sept 2024AY 2003-04

Section 11Section 11(1)(a)Section 12ASection 260Section 263

rectification for allowing deduction of the amount of 15% of the gross receipts out of total amount of income Le. Rs 76,26,863/-is a mistake apparent from record and, therefore, we direct the AO to allow that deduction of 15% of the gross receipts and charge the tax on the shortfall of Rs. 9,43,500/-only

PARADIP PORT AUTHORITY,JAGATSINGHPUR vs. DCIT,CIRCLE1(1), CUTTACK

In the result, all the three appeals of the assessee are allowed