M/S MOONFROG LABS PRIVATE LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE
In the result, the appeal filed by the assessee stands allowed for statistical purposes
ITA 3066/BANG/2018[2015-16]Status: DisposedITAT Bangalore14 Dec 2021AY 2015-16
Bench: Shri. Chandra Poojari & Smt. Beena Pillaiassessment Year : 2015-16 M/S. Moonfrog Labs Pvt. Ltd., 16/3, Level-3, The Assistant Adarsh Yellavarthy Centre, Commissioner Of Cambridge Road, Income Tax, Ulsoor Jogupalya, Circle – 4(1)(2), Bangalore – 560008. Vs. Bangalore. Pan: Aaicm9563H Appellant Respondent : Shri Padamchand Khincha, Assessee By Ca : Shri Sankar Ganesh .K, Jcit Revenue By (Dr) Date Of Hearing : 21-10-2021 Date Of Pronouncement : 14-12-2021 Order Per Beena Pillaipresent Appeal By The Assessee Has Been Filed By Assessee Against The Assessment Order Dated 18.12.2017 Passed By The Acit, Circle – 4 (1)(2), Bangalore Relating To Assessment Year 2015-16. The Grounds Raised By The Assessee Are As Under: “1. General Ground 1.1. The Learned Assistant Commissioner Of Income Tax, Circle- 4(1)(2), Bangalore (`A0') Has Erred In Passing The Assessment Order Under Section 143(3) Of The Income Tax Act, 1961 (`The Act') In The Manner Passed By Him & The Commissioner Of Income Tax- (Appeals)-4 (`Cit(A)') Has Erred In Confirming The Said Assessment Order. The Said Order Being Bad In Law Is Liable To Be Quashed.
For Respondent: Shri Padamchand Khincha
Section 143(2)Section 143(3)Section 195Section 195(2)Section 40Section 9(1)(vi)
TDS under section 195. 2.2 The AO after considering the submissions of assessee disallowed
Rs. 1,16,00,535/- under section 40(a)(i) for non-deduction of tax at source as royalty and /or FTS in respect of the payments made to Facebook and other entities under section 195. The Ld.AO also disallowed
