M/S. SHINDENGEN INDIA PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 6(1)(2), BANGALORE
In the result, the appeal of the assessee is partly allowed
ITA 2514/BANG/2019[2015-16]Status: DisposedITAT Bangalore28 Feb 2023AY 2015-16
Bench: Shri N.V. Vasudevan, Vice- & Ms. Padmavathy Sit(Tp)A No. 2514/Bang/2019 Assessment Year : 2015-16 M/S. Shindengen India Pvt. Ltd., Plot No. 283/2, Bommasandra, The Deputy Jigani Link Road, Commissioner Of Jigani Industrial Area, Income Tax, Anekal Taluk, Circle – 6(1)(1), Bengaluru – 560 105. Bengaluru. Vs. Pan: Aarcs8947E Appellant Respondent Assessee By : Smt. Shashi M Kapila, Advocate Revenue By : Ms. Neera Malhotra, Cit-Dr Date Of Hearing : 14-02-2023 Date Of Pronouncement : 28-02-2023 Order Per Padmavathy S
For Appellant: Smt. Shashi M Kapila, AdvocateFor Respondent: Ms. Neera Malhotra, CIT-DR
Section 143(2)Section 143(3)Section 271(1)(c)Section 32Section 92C
penalty proceedings under Section 271(1)(c) of the Act.
7. The Ld AO erred in not allowing set off of current year losses and brought forward losses amounting to Rs. 4,98,73,540 and Rs. 4,59,11,799 aggregating to Rs. 9,57,85,339
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IT(TP)A No. 2514/Bang/2019
The Appellant craves leave
