PARAMETRIC TRADING PRIVATE LIMITED,MUMBAI vs. ACIT, CIRCLE-4(1), INDORE, INDORE
In the result, the appeal of assessee is allowed
ITA 84/IND/2020[2011-12]Status: DisposedITAT Indore12 May 2023AY 2011-12
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S.Parametric Trading A.C.I.T., Pvt.Ltd., Circle 4(1), 205, Sujata Chambers, 2Nd Indore. Floor, Abhichand Gandhi Vs. Marg,Off Katha Bazar Masjid (W), Mumbai (Appellant / Assessee) (Respondent/ Revenue) Pan: Aagca4207J Assessee By Shri Vijay Mehta & Shri Shailesh Parmar, Ca Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.05.2023 Date Of Pronouncement 12.06.2023
Section 139Section 143(2)Section 143(3)Section 144Section 147Section 148Section 151
…amount to deprive and deny the assessee of its right to raise objections against the validity of notice issued u/s 148. The ld. Authorized Representative then relied upon the judgement of Hon'ble Bombay High in the case of New Era Shipping Limited vs. CIT, 430 ITR 431 (Bom). He has also relied upon the following decisions :- (a) CIT vs. Trend Electronics, (379 ITR 456). (b) CIT vs. Videsh Sanchar Nigam Limited, (340 ITR 66) The ld. Authorized Representative has also relied upon the decision of Hon'ble Bombay High Court in the case of River Valley Meadows and Townships P.Ltd. vs. Dy. CIT, (2022) 284 Taxman…