15 results for “disallowance”+ Section 194Cclear
Sorted by relevance
Key Topics
Bench: Shri Pawan Singh & Shri Bijayananda Prusethआयकर अपील सं./Ita No.541/Srt/2024 Assessment Year: (2018-19) (Physical Hearing) Engineering Professional Co. Pvt. Ltd., Vs. The Pcit -1, 444, Royal Arcade, Opp. Sarthana Zoo, Surat Varachha Road, Near Sarthana Jakatnaka, Surat – 395006, Gujarat "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aabce0313Q (Appellant) (Respondent) Appellant By Shri P. M. Jagasheth, Ca Respondent By Shri Ravi Kant Gupta, Cit(Dr) Date Of Hearing 13/02/2025 Date Of Pronouncement 19/02/2025
section 194C of the Act are not attracted. Despite the above submission and explanation of the assessee, the PCIT did not consider the merit of the case and passed the order u/s 263 of the Act, directing to add Rs.9,33,53,047/- being 30% of the entire expenses of Rs.31,11,76,823/- as business income by making disallowance