FINASTRA SOFTWARE SOLUTIONS (INDIA) PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1)(1), BANGALORE
In the result, the appeal filed by the assessee stands allowed as indicated hereinabove
ITA 189/BANG/2022[2017-18]Status: DisposedITAT Bangalore31 May 2023AY 2017-18
Bench: Smt. Beena Pillai & Ms. Padmavathy Sit(Tp)A No. 189/Bang/2022 Assessment Year : 2017-18 M/S. Finastra Software Solutions (India) Pvt. Ltd., 4Th To 6Th Floor, Virgo The Deputy Building, Bagmane Commissioner Of Constellation Income Tax, Business Park Outer Circle – 3 (1)(1), Ring Road, Vs. Bangalore. Dodanekundi, Bangalore. Pan: Aaack9067G Appellant Respondent : Smt. Tanmayee Rajkumar, Assessee By Advocate Revenue By : Ms. Neera Malhotra, Cit-Dr Date Of Hearing : 01-03-2023 Date Of Pronouncement : 31-05-2023 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against The Final Assessment Order Dated 27.01.2022 For A.Y. 2017-18 On Following Grounds Of Appeal: “1. The Impugned Final Assessment Order Dated 27.01.2022 Was Not Communicated In The Manner Prescribed Under The Income-Tax Act, 1961 & The Rules Made Thereunder & Therefore The Proceedings Are Null & Void.
For Respondent: Smt. Tanmayee Rajkumar
Section 115JSection 40A(7)Section 43BSection 80GSection 92B
1,84,63,980/-
Total
Rs. 83,32,04,784/-
4. On receipt of the draft assessment order, the assessee filed objections before the DRP.
4.1 The DRP accepted most of the contentions of the assessee in respect of comparables under the SWD and ITeS segment.
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IT(TP)A No. 189/Bang/2022
4.2 However in respect of the interest