M/S. SRI KUMARSWAMY MINERALS EXPORTS PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6(1)(2), BANGALORE
In the result, the appeal filed by the assessee stands allowed for statistical purposes
ITA 686/BANG/2021[2014-15]Status: DisposedITAT Bangalore02 Feb 2022AY 2014-15
Bench: Shri. Chandra Poojari & Smt. Beena Pillaiassessment Year : 2014-15 M/S. Sri Kumaraswamy The Deputy Minerals Exports Pvt. Ltd., Commissioner Of No. 58, Cunningham Road Income Tax, Cross, Circle – 6[1][2], Bangalore – 560 052. Bangalore. Vs. Pan: Aaqcs4798A Appellant Respondent : Shri V. Chandrashekar, Assessee By Advocate : Shri Sankarganesh K, Jcit Revenue By (Dr) Date Of Hearing : 02-02-2022 Date Of Pronouncement : 02-02-2022 Order Per Beena Pillaipresent Appeal By The Assessee Has Been Filed By Assessee Against The Ex-Parte Order Dated 12.10.2021 Passed By The Ld.Cit(A)-11, Bangalore Relating To Assessment Year 2014-15 On Following Grounds Of Appeal: “1. The Order Of The Learned Commissioner Of Income-Tax [Appeals]-12, Bengaluru, Passed Under Section 250 Of The Act Dated 12/10/2021, In So Far As It Is Against The Appellant Is Opposed To Law, Weight Of Evidence, Probabilities, Facts & Circumstances Of The Appellant'S Case. 2. The Appellant Denies Itself Liable To Be Taxed On A Total Income Of Rs. 103,97,62,214/- As Determined By The Learned Assessing Officer & Confirmed By The Learned
For Respondent: Shri V. Chandrashekar
Section 143Section 154Section 234Section 250
depreciation loss of Rs.85,06,293/- of a previous year i.e. Assessment Year 201213, required a long drawn process of verification and consequently the learned Assessing Officer did not have any jurisdiction or power to review the assessment order under the facts and circumstances of the case.
5. The learned Commissioner of Income-tax [Appeals] is not justified in confirming
