VERSATILE CARD TECHNOLOGY PRIVATE LIMITED ,SIDCO,CHROMEPET,CHENNAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CHENNAI-3, INCOME TAX OFFICE, MAIN BUILDING - IV FLOOR, NUNGAMBAKKAM, CHENNAI
ITA 1392/CHNY/2024[2016-2017]Status: DisposedITAT Chennai18 Oct 2024AY 2016-2017
Bench: Shri Aby T. Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1392/Chny/2024 िनधा"रणवष" / Assessment Year: 2016-17 Versatile Card Technology Private Principal Commissioner Of Limited, V. Income Tax, Chennai -3, Ac-21, 4Th Main Road, Sidco Income Tax Office, Main Industrial Estate, Building, Iv Floor, Thirumudivakkam, Nungambakkam, Chennai. Chrompet, Chennai – 600 044. [Pan:Aabcv-0567-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. Gopal Krishna Raju, Ca ""यथ"क"ओरसे/Respondent By : Shri. Nilay Baran Som, Cit सुनवाई क" तारीख/Date Of Hearing : 06.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 18.10.2024 आदेश /O R D E R
For Appellant: Shri. Gopal Krishna Raju, CAFor Respondent: Shri. Nilay Baran Som, CIT
Section 115JSection 143(3)Section 148Section 263
book adjustment item to Fixed Assets /
Property,
Plant
&
Equipment as prescribed in companies Act 2013 as per section 123(1)(a) and section 123(2) read with schedule II.
c. Explanation (iii) to Section 115JB(2C)- Transition amount does not include - adjustments relating to items of Property, Plant & Equipment recorded
