M/S. SARDA GUMS & CHEMICALS,PALI vs. ACIT, CIRCLE1- PALI,, PALI
In the result, appeal of the assessee is allowed
ITA 115/JODH/2021[2012-13]Status: DisposedITAT Jodhpur03 Aug 2023AY 2012-13
Section 143(3)Section 154
disallowed Rs. 4,73,780/- i.e. 1/10th of the various expenses claimed.
The assessment u/s 143(3) was completed on 27.02.2015
determining total income at Rs. 14,49,57,220/-. Further, on perusal of
the assessment record, it is noticed that:-
“During the previous year, assessee firm has distributed reserve and surplus amongst the partners amount
