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Sections 143(1) & 154 Orders Merge into Final Section 143(3) Assessment Order
Case Law Details
- Case Name
- SJVN Limited Vs ACIT (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Chandigarh
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SJVN Limited Vs ACIT (ITAT Chandigarh)
In the case of SJVN Limited vs ACIT, the Income Tax Appellate Tribunal (ITAT) Chandigarh addressed the non-adjudication of key grounds by the CIT(A) regarding Minimum Alternate Tax (MAT) credit under Section 115JAA and the computation of book profit under Section 115JB. SJVN Limited had initially declared a book profit of Rs. 19,05,26,62,664, but the Centralized Processing Center (CPC) increased it by Rs. 201,15,58,023 due to deferred tax provisions. Additionally, while SJVN claimed a MAT credit of Rs. 90,64,10,578, only Rs. 55,49,51,164 was allowed. The ...
