M/S BIESSE MANUFACTURING COMPANY PRIVATE LIMITED,BANGALORE vs. ASST.C.I.T., BANGALORE
In the result, Revenue’s appeal for Assessment Year 2010-11 is treated as partly allowed for statistical purposes
ITA 97/BANG/2015[2010-11]Status: DisposedITAT Bangalore06 Nov 2015AY 2010-11
Bench: Shri Vijaypal Rao & Shri Jason P. Boazi.T.(T.P.)A. No.97/Bang/2015 (Assessment Year : 2010-11) M/S. Biesse Manufacturing Co. Vs. Asst. Commissioner Of Income Pvt. Ltd., Tax, Sy.No.32, No.469, Jakkasandra Village, Circle 2(1)(1), Sondekappa Road, Nelamangala Taluk, Bengaluru-1. Bengaluru Ruraldistrict-562 123 Pan Aaccb 7928D Appellant Respondent. I.T.(T.P.)A. No.493/Bang/2015 (Assessment Year : 2010-11) (By Revenue) Assessee : Shri K.K. Chythanya, Advocate. Revenue By : Shri Ganapati R Bhat,Cit-Iii (D.R) Date Of Hearing : 10.09.2015. Date Of Pronouncement : 6.11.2015. O R D E R Per Shri Jason P. Boaz, A.M. : These Are Cross Appeals, One By The Assessee & The Other By Revenue, Directed Against The Final Order Of Assessment For Assessment Year 2010-11 Passed Under Section 143(3) Rws 144C(13) Of The Income Tax Act, 1961 (In Short 'The Act') Vide Order Dt.31.12.2014, In Pursuance Of The Directions Issued By The Dispute Resolution Panel (‘Drp’) Under Section 144C(5) Of The Act Dt.21.11.2014. 2. The Facts Of The Case, Briefly, Are As Under :- 2.1 The Assessee Company Is Engaged In The Manufacturing & Trading Of Wood Working Machinery, Spare Parts & Tools & Also Provides Software Testing, Technical Design & Marketing Services To Its Parent Company, Biesse Spa, Italy. The Assessee
For Appellant: Shri K.K. Chythanya, AdvocateFor Respondent: Shri Ganapati R Bhat,CIT-III (D.R)
Section 143(1)Section 143(3)Section 144C(5)Section 92C
144C(13) of the Act dt.31.12.2014 wherein the income of the assessee was determined at Rs.1,87,17,950, in view of the T.P.Adjustment of Rs.10,67,28,496. 9
IT(T.P)A Nos.97 & 493/Bang/2015
Assessee's appeal for Assessment Year 2010-11 in IT(TP)A No.97/Bang/2015. 5.1 Aggrieved by the final order of assessment for Assessment Year
