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Case Law Details

Case Name : Takshashila Realties Pvt Ltd Vs ACIT (ITAT Ahmedabad)
Related Assessment Year : 2010-11
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Takshashila Realties Pvt Ltd Vs ACIT (ITAT Ahmedabad)

In the appeal of Takshashila Realties Pvt Ltd vs. ACIT, the ITAT Ahmedabad reviewed a case where the Commissioner of Income Tax (Appeals) had confirmed several additions to the assessee’s income for Assessment Year 2010-11 without providing an opportunity for a hearing. The additions included disallowance of a Section 80-IB deduction of Rs. 2.93 crores, an adjustment to book profits under Section 115JB amounting to Rs. 2.86 crores, and additional labor expenses of approximately Rs. 63 lakhs. The appellant claimed that they

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