SEABIRD MARINE SERVICES PRIVATE LIMITED,JAMNAGAR vs. ACIT, CIRCLE - 1, JAMNAGAR, JAMANGAR
In the result, ground No.4 raised by the assessee is allowed
ITA 83/RJT/2025[2017-18]Status: DisposedITAT Rajkot30 May 2025AY 2017-18
Section 114Section 115JSection 143(3)
xii). considering the capital reduction of its own and capital reduction of investee\ncompanies as a scheme of planning to avoid taxes even though claim of loss in MAT\ncomputation is on account of Ind AS implementation and CBDT circular which issued\nafter the end of the previous year.\n3. Grounds of Appeal in relation direction given to assessing officer
