Case Law Details
Case Name : Asian Granito India Ltd Vs DCIT (ITAT Ahmedabad)
Appeal Number : ITA Nos. 619 & 620/Ahd/2023
Date of Judgement/Order : 09/10/2024
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Ahmedabad
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Asian Granito India Ltd Vs DCIT (ITAT Ahmedabad)
Conclusion: Penalty levied under Section 271AAA on addition made towards undisclosed investments was not justified as different estimates having been adopted at different stages and consequently the income determined purely on estimate basis in such cases penalty could no
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