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Income Tax Appellate Tribunal, KOLKATA BENCH “B” KOLKATA
Before: Shri J.Sudhakar Reddy & Shri S.S.Godara
Shri Vigyaneshwar Nath Dutta, Advocate अपीलाथ� क� ओर से/By Appellant Shri Vijay Shankar, CIT-DR ��यथ� क� ओर से/By Respondent 01-01-2020 सुनवाई क� तार�ख/Date of Hearing 17-01-2020 घोषणा क� तार�ख/Date of Pronouncement आदेश /O R D E R PER S.S.Godara, Judicial Member:- This assessee’s appeal for assessment year 2013-14 arises against the Principal Commissioner of Income Tax-13, Kolkata’s order dated 26.03.2018 passed in case No.Pr.cit-13/Kol/Order u/s263/2017-18/7140-42, involving proceedings 263 of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file(s) perused.
It emerges the outset that the PCIT has passed his sec. 263 revision order under challenge on 26.03.2018 reversing the regular assessment in question dated 17.03.2016 thereby holding it as an erroneous are causing prejudice to interest of the Revenue. Case file indicates that the assessee had preferred its appeal against the said