ITAT Rulings on TP Adjustments, ESOP Expenses & Section 14A Disallowance

DCIT Vs Astral Limited (ITAT Ahmedabad)

In the case of DCIT vs. Astral Limited, heard by the Income Tax Appellate Tribunal (ITAT) in Ahmedabad, the Revenue filed an appeal against the order of the Commissioner of Income Tax-11, Ahmedabad (CIT(A)), dated 08/08/2023, pertaining to the assessment year 2018-19.

The assessee had initially declared a total income of Rs. 1,70,58,29,720/, which was later assessed by the Assessing Officer (AO) under section 143(3) r.w.s. section 144C(3)/144(B) of the Act at a total income of Rs. 1,75,87,35,950/-. During the assessment, the AO made se

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