M/S HIRSCH BRACELET INDIA PRIVATE LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3(1)(2), BANGALORE

In the result, the appeal by the assessee is partly allowed

Bench: Shri N.V. Vasudevan & Shri B.R. Baskaranassessment Year : 2015-16

gains from sale of its capital assets in its return of income. The CIT(A) dismissed the claim of assessee holding as follows:- Page 9 of 13 “ ……. No revised return of income was filed by the assessee. So the claim of the assessee could not have been considered by the AO in view of the binding decision

M/S. ABB LTD.,,BANGALORE vs. THE ADDL. CIT, BANGALORE

In the result appeal by the Assessee is allowed