ORCHID CORP,SURAT vs. ITO, WARD 1(1)(1), SURAT
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 1119/SRT/2024[2021-22]Status: DisposedITAT Surat29 Oct 2025AY 2021-22
Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1119/Srt/2024 Assessment Year: (2021-22) (Hybrid Hearing) Orchid Corp., Vs. Ito, F-11, Orchid Ventura, Nr. New Lp Ward - 1(1)(1), Savani School, Palanpore Canal Surat Road, Surat - 395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aaffo2395F (Appellant) (Respondent) Appellant By Shri Suresh K. Kabra, Ca Respondent By Shri Ravi Kant Gupta, Cit-Dr Date Of Hearing 31/07/2025 Date Of Pronouncement 29/10/2025
Section 10B(8)Section 139Section 139(1)Section 143(1)Section 154Section 250Section 80ASection 80I
section 139 of the Act. The AO – CPC, accordingly, issued demand notice of Rs.3,87,47,550/- by disallowed deduction u/s 80IBA of Rs.12,04,09,632/-.
4. Aggrieved by the order of AO, the assessee filed appeal before the CIT(A).
During the appellate proceedings, the CIT(A) issued various notices of hearing