Case Law Details
Malwa Coop. L & C Society Ltd. ITO (ITAT Amritsar)
In this case Hon’ble ITAT already determined the turnover, and the direction was made accordingly. Also related to deduction u/s 80P(2)(a)(vi) specific direction was made by the Hon’ble ITAT in its order dated 13.10.204 in ITA No. 483/Asr/2014.
ITAT heard the rival submissions and relied on the documents available in the In its fact, that the gross receipt should be determined by allowing the reasonable deduction of the items like TDS, VAT, security letter cess and other deduction. Accordingly, the assessee made a correct calculation related to calculation of the contract receipt. Both the Revenue authorities cannot go beyond the jurisdiction of all the orders of Hon’ble ITAT. Hon’ble ITAT directed denavo assessment it does not mean that the essence of the judgment should be avoided in any means.
FULL TEXT OF THE ORDER OF ITAT AMRITSAR
The instant appeal was filed by the assessee against the order passed by the Ld. Commissioner of Income Tax (Appeals), Bathinda [in brevity the CIT(A)], bearing Appeal No. 187/15-16 dated 23.11.2017 u/s 250(6) of the Income Tax Act, 1961 [in brevity the Act], in respect of Assessment Year 2010-11. The impugned order was generated from the order of the ld. Income Tax Officer, Ward-2(2), Muktsar [in brevity the A.O.] passed u/s 143(3) of the Act, dated 28.09.2015.
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