GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD,SURAT vs. PR. CIT-3, VADODARA
In the result, appeal filed by the assessee is allowed
ITA 178/SRT/2020[2014-15]Status: DisposedITAT Surat22 Feb 2023AY 2014-15
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.178/Srt/2020 Assessment Year: (2014-15) (Virtual Court Hearing) Gujarat Narmada Valley Fertilizers Vs. The Pcit-3 & Chemicals Ltd., Surat. Narmada House, Narmadanagar, Bharuch – 392015. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaacg8372Q (Appellant) (Respondent) Assessee By Shri Yogesh Shah, Ar Respondent By Shri Ashok B. Koli, Cit-Dr Date Of Hearing 03/01/2023 Date Of Pronouncement 22/02/2023
Section 115JSection 143(3)Section 14ASection 263Section 801Section 80I
87,708
(a+b)
Amount disallowed by the assesses and allowed by Rs.4,52,000/-
AO u/s. 14A RWS Rule 8D
Short Disallowance
Rs.2,03,35,708/-
Underassessment of income as discussed above
Rs.2,03,35,708/-
Income-tax @30% +10% +EC & SHEC @ 3% =
Rs.69,12,107/-
33.99%
Thus, the differential amount of Rs.2,03,35,708/- was also required