ACIT, Chennai vs. M/S. Mascon Global Ltd., Chennai
Accordingly, the ground raised by the Revenue is dismissed
ITA 1139/CHNY/2008[2003-04]Status: DisposedITAT Chennai22 Jun 2018AY 2003-04
Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy
For Appellant: NoneFor Respondent: Shri Srinivasa Rao, CIT
Section 143(1)Section 143(3)Section 147Section 148
…case and have been wrongly invoked on the facts and circumstances of the appellant's case. The appellant invites the Commissioner (Appeals) kind attention to the decision of the ITAT, Mumbai Bench 'A' in DCIT Vs. Rohm & Hass (India)(P.) Ltd reported in [2006] 8 SOT 803 (Mum) wherein the scope and ambit of section 92 of the Act has been discussed in detail. A copy of the said order of the !TAT Mumbai Bench is enclosed for the Commissioner (Appeals) ready reference. Commissioner (Appeals) will notice that in the reported decision, as in the appellant's case, there was loss and the ITAT Mumbai Bench has held that th…