Section 80-IA Deduction Remanded by ITAT Pune for Re-Verification

M.B. Patil Constructions Vs DCIT (ITAT Pune) 80-IA deduction remanded for fresh verification; Deemed Dividend u/s 2(22)(e) sent back in light of SC’s Gopal & Sons; Partial Relief on Agri Income & Ad-hoc Expenses – Appeals Partly Allowed Assessee engaged in civil & infrastructure development contracts, filed its return declaring income of ₹1.51 crore for A.Y. 2013-14. The case was scrutinized, & AO framed assessment u/s 143(3) determining total income at ₹54.83 crore. Major additions included disallowance u/s 40A(3), disallowance of agricultural income, ad-hoc disallowan...