ACIT, PAOTA C ROAD vs. VARAHA INFRA LIMITED, PAOTA B ROAD
In the result, the appeal of the revenue is dismissed
ITA 160/JODH/2024[2017-18]Status: DisposedITAT Jodhpur01 Jan 2025AY 2017-18
Bench: Dr. S. Seethalakshmi & Shri Rathod Kamlesh Jayantbhaithe Acit Vs M/S. Vardha Infra Ltd. Room No. 215, Aayakar Bhawan 6 Jalam Vilas Scheme Paota C Road, Jodhpur Paota B Road, Jodhpur (Appellant) (Respondent) Pan No. Aaccv 7972 K
Section 142(1)Section 143(2)Section 143(3)Section 40
119/-
2. Administrative expense
Rs. 19,05,50,300/-
3. Total
Rs. 46,81,06,419/-
80% of Rs.46,81,06,419/-
Rs. 37,44,85,135/-
Net profit/total income thus comes as under
Gross profit 29.29%
Rs.80,59,72,682/
Less-
1. Indirect expenses
Rs. 37,44,85,135/-
2. Interest
Rs. 35,92,15,998/-
3. Depreciation