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2 results for “depreciation”+ Section 270Aclear

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Key Topics

Section 2636Section 80P(2)(d)5

M/S. GREEN EARTH BIOGAS PVT. LTD.,SURENDRANAGAR vs. THE PR. CIT-3, AHMEDABAD, AHMEDABAD

ITA 185/RJT/2023[2017-18]Status: DisposedITAT Rajkot17 Jul 2025AY 2017-18

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपीलसं./Ita No.185/Rjt/2023

For Appellant: Shri Hardik Vora, Ld. A.RFor Respondent: Shri Sanjay Pungalia, Ld. Sr. DR
Section 263

270A(10b) of the Act, which states that where the total income determined under clause (a) of sub-section (1) of section or assessed, reassessed or recomputed in a preceding order is loss, the amount of tax calculated on the under-reported income as if it were the total income. Hence, non-levy of penalty is an error which

KUTCH DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LTD.,ANJAR - KUTCH vs. THE ASSESSMENT UNIT, INCOME TAX DEPARTMENT, NEW DELHI

ITA 113/RJT/2025[2018-19]Status: DisposedITAT Rajkot08 May 2025AY 2018-19
Section 143(3)
Section 250
Section 270A
Section 80P(2)(d)

270A of the Act is initiated\nfor under reporting of income.\"\nHowever, we note that in the computation of total income, the Assessing\nOfficer by mistake took the figure at Rs.5,87,74,816/-, instead of correct figure of\nRs.5,85,74,816/-. We state that correct figure, as per the findings of the Assessing\nOfficer should be at Rs.5