JT COMM. OF INCOME TAX (OSD) CENTRAL CIRCLE-1(4), MUMBAI, MUMBAI vs M/S GRASIM INDUSTRIES LIMITED (SUCCESSOR TO ADITYA BIRLA NUVO LID), MUMBAI

Income Tax Appellate Tribunal, “G” BENCH, MUMBAI

Before: SHRI OM PRAKASH KANT, AM & MS. KAVITHA RAJAGOPAL, JM

For Appellant: Shri Kailash Kanojia

For Respondent: Shri Kailash Kanojia

Hearing: 22.08.2022Pronounced: 17.11.2022

per the decision of the co-ordinate bench, quashing the order passed u/s. 263 and the subsequent assessment order u/s.143(3) r.w.s. 263 fails to have a legal sanctity. We thereby uphold the order of the ld. CIT(A).

10.

In the result, the appeal filed by the Revenue is dismissed.

Order pronounced in the open court on 17.11.2022.

Sd/- Sd/- (Om Prakash Kant) (Kavitha Rajagopal) Accountant Member Judicial Member Mumbai; Dated : 17.11.2022 Roshani, Sr. PS Copy of the Order forwarded to : 1. The Appellant 2. The Respondent 3. The CIT(A) 4. CIT - concerned 5. DR, ITAT, Mumbai 6. Guard File BY ORDER,

JT COMM. OF INCOME TAX (OSD) CENTRAL CIRCLE-1(4), MUMBAI, MUMBAI vs. M/S GRASIM INDUSTRIES LIMITED (SUCCESSOR TO ADITYA BIRLA NUVO LID), MUMBAI