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
section 263 cannot be invoked in the facts and circumstances of the case, the assessee company has relied on various judicial precedents in its written submissions.
All these legal propositions canvassed are not relevant to the facts of the present case.
In the present case, as evident from the record, the claim of the assessed accepted by the Assessing Officer
