ITO 22(3)(1), Navi Mumbai vs. Crescent Construction, Navi Mumbai
The appeal of the assessee is allowed and of the Revenue is dismissed
ITA 865/MUM/2014[2005-06]Status: DisposedITAT Mumbai26 May 2017AY 2005-06
Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 2005-06
Section 14Section 143(1)Section 143(2)Section 143(3)Section 147Section 154
…f the tribunal in Bharati Shipyard Limited versus Deputy Commissioner of Income Tax, (2011) 11 ITR Tribunal 599 in support. Reference is also made to the decision of the Bombay High Court in Commissioner of Income Tax versus Shyam Narayan and Brothers, (2012) 349 ITR 145. 10. Respondent assessee, on the other hand, relies upon the decision of the Calcutta High Court in Virgin Creations (supra) and reference is also made to the decision of the Supreme Court in Allied Motors (P) Limited versus Commissioner of M/s Crescent Construction Co. Income Tax, (1997) 224 ITR 677 and Commissioner of Income Tax, Bombay and Ot…