M/S. PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1)(1), BANGALORE
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 1039/BANG/2023[2021-22]Status: DisposedITAT Bangalore24 Jun 2024AY 2021-22
Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year : 2021-22 M/S. Prazim Trading & Investment Vs. Dcit, Company Private Limited, Circle – 3(1)(1), 574, Next To Wipro Corporate Office, Bengaluru. Sarjapur Road, Doddakkanelli, Bengaluru – 560 035. Pan : Aaacp 4921 G Appellant Respondent Assessee By : Shri. B. K. Manjunath, Ca Revenue By : Shri. Subramanian S, Addl. Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 02.05.2024 Date Of Pronouncement : 24.06.2024
For Appellant: Shri. B. K. Manjunath, CAFor Respondent: Shri. Subramanian S, Addl. CIT(DR)(ITAT), Bengaluru
Section 143(1)Section 143(1)(a)Section 154Section 250
disallowances. The difference of Rs.4,93,34,784/- is on account of (i) unrealized loss on mutual fund added back in Sl. No.23 of schedule BP of Rs.12,61,348/- (ii) notional interest income on Page 3 of 9
employee’s receivables reduced in Sl. No. 33 of schedule BP of Rs.1,54,35,936/-
(iii) Rs.6
