NATIONAL CONTRACTING COMPANY (INDIA), PRIVATE LIMITED,CHENNAI vs. DCIT, CORP CIRCLE-4(1), CHENNAI
In the result, the appeal of the assessee is allowed
ITA 455/CHNY/2024[2020-21]Status: DisposedITAT Chennai24 Jun 2024AY 2020-21
Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.455/Chny/2024 (िनधा"रणवष" / Assessment Year: 2020-2021 ) National Contracting Company Vs. The Deputy Commissioner Of (India) Private Limited, Income Tax, No.32, Palani Centre, Corporate Circle 4(1) Vaidyaraman Street, Chennai. Venkatanarayana Road, T. Nagar, Chennai 600 017. [Pan: Aaacr 8512M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. G. Baskar, Advocate ""यथ" क" ओर से /Respondent By : Shri. R. Mukundan, Irs, Jcit. सुनवाई क" तार"ख/Date Of Hearing : 13.06.2024 घोषणा क" तार"ख /Date Of Pronouncement : 24.06.2024 आदेश / O R D E R Per Manu Kumar Giri ()
For Appellant: Shri. G. Baskar, AdvocateFor Respondent: Shri. R. Mukundan, IRS, JCIT
Section 143(1)Section 154Section 36Section 37Section 43B
assessment is as are sult of assessee’s own mistake or otherwise, the CIT has the power to correct such an assessment under section 264(1) of the Act. If the CIT refuses to give relief to the assessee, in such circumstances, he would be acting dehors the powers under