DCIT, CENTRAL CIRCLE, MORADABAD, MORADABAD vs. GENUS POWER INFRASTRUCTURES LIMITED, JAIPUR, RAJASTHAN
In the result, the appeal of the assessee is allowed whereas cross appeal of the Revenue is dismissed
ITA 2680/DEL/2023[2010-11]Status: DisposedITAT Delhi10 May 2024AY 2010-11
Bench: Shri Kul Bharat & Shri Pradip Kumar Kedia
For Appellant: Shri Akshay Jain, Chartered AccountantFor Respondent: Shri Vivek Kumar Upadhyay, Sr.DR
Section 115BSection 115JSection 143(3)Section 147Section 148
115B of the Act. The income under normal provisions were re-assessed at ₹13,67,21,152/- and the book profit under Section 115JB were re-assessed at ₹35,31,97,481/- for MAT purposes.
3.1
In this backdrop, the ld. counsel submitted that in the instant case where the re-assessment proceedings were initiated for A.Y. 2010-11
after
