M/S WEVIN PRIVATE LIMITED ,BANGALORE vs. INCOMETAX OFFICER WARD-7(1)(4), BANGALORE
In the result, the assessee’s appeal is partly allowed for statistical purposes
ITA 2710/BANG/2017[2013-14]Status: DisposedITAT Bangalore12 Jun 2019AY 2013-14
Bench: Shri B.R. Baskaran & Shri Pavan Kumar Gadaleit(Tp)A No.2710/Bang/2017 (Assessment Year: 2013-14) M/S.Wevin Pvt. Ltd. No.143-E, 1St & 2Nd Phase, Bommasandra Industrial Area, Bengaluru-560099. … Appellant Pan: Aaacw1349M Vs. Income-Tax Officer, Ward 7(1)(4), Bengaluru. … Respondent Appellant By : Shri Padamchand Khincha, Ca. Respondent By : Shri C.Sundar Rao, Cit(Dr) Date Of Hearing: 20/03/2019 Date Of Pronouncement: 12/06/2019 O R D E R Per Pavan Kumar Gadale, Jm:
For Appellant: Shri Padamchand Khincha, CAFor Respondent: Shri C.Sundar Rao, CIT(DR)
Section 143(3)
gains worked out based on ALP adjustment of the TPO where sale of shares was worked out by TPO is Rs.53,20,35,000/- instead of Rs.28,95,934,437/- adopted by the assessee and other additions, assessed income of Rs.32,50,67,000/- and passed the order u/s 143(3) r.w.s.
144C(1) dated 15/12/2016. 7. Aggrieved
