M/S MAJJU IMAGE & BRAND CONSULTANTS PVT LTD ,BANGALORE vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX , BANGALORE
In the result, the appeal filed by the assessee stands allowed
ITA 2015/BANG/2018[2014-15]Status: DisposedITAT Bangalore14 Jul 2022AY 2014-15
Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year : 2014-15 M/S. Majju Image & Brand Consultants Pvt. Ltd., The Pr. No. G1, Accolade Commissioner Of Apartments, Income Tax, Millers Road, 2Nd Cross, Bangalore – 4, Benson Town, Vs. Bangalore. Bangalore – 560 046. Pan: Aaicm6586E Appellant Respondent : Shri B.S. Balachandran, Assessee By Advocate : Shri Sumer Singh Meena, Revenue By Cit-Dr Date Of Hearing : 14-07-2022 Date Of Pronouncement : 14-07-2022 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against Order U/S. 263 Dated 25/01/2018 Passed By Ld.Pr.Cit, Bangalore – 4 For A.Y. 2014-15 On Following Grounds Of Appeal: “1. The Impugned Revisionary Order Passed By The Learned Principal Commissioner Of Income-Tax (Pcit) U/S.263 Dated; 25-01-2018 Is Opposed To The Facts Of The Case & The Law & Therefore, It Is Liable To Be Set-Aside.
For Respondent: Shri B.S. Balachandran
Section 142(1)Section 143Section 143(3)Section 263
capital gains to tax. He cannot be held to be unexplained creditor as the disallowance by the Ld.AO has not been made u/s.
68 of the Act but the disallowance is made by applying provisions of section 56(2)(viib
