M/S. HARIS MARINE PRODUCTS,MANGALURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), BENGALURU, BENGALURU
In the result, the appeal by the assessee is allowed
ITA 383/BANG/2022[2017-18]Status: DisposedITAT Bangalore29 Jul 2022AY 2017-18
Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy S
For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Smt. Susan Dolores George, CIT(OSD)
Section 143Section 153DSection 263
41 taxmann.com 27 & (AII Trib.)]. It was contended by the Learned Counsel that clause -(a) & (b) of Explanation 2 of Section 263 are not applicable as the Assessing
Officer has made enquiry and verification which should have been made. Further, in the show cause notice, the Explanation-2
of section 263 was not invoked by the PCIT