Second Chance to Shilp Gravures Ltd: ITAT Remands Matter Back to CIT(A) for Non-Examination of Facts of Deduction Claim u/s 80IA [Read Order]
The dispute arose after the Assessing Officer (AO) disallowed the deduction claimed by Shilp Gravures Ltd under Section 80IA, which relates to income generated from the company’s windmill business.
By Manu Sharma - On August 27, 2024 8:42 pm - 2 mins read
In a recent order, the Income Tax Appellate Tribunal (ITAT) Ahmedabad, has remanded the case of Shilp Gravures Ltd back to the Commissioner of Income Tax (Appeals) [CIT(A)] for further examination. The case involves the company’s claim for deduction under Section 80IA of the Income Tax Act, 1961, amounting to ₹1.56 crore for the assessment…
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