SHRIRAM CHITS (KARNATAKA) PVT. LTD.,,BANGALORE vs. ACIT, BANGALORE
In the result, the appeal is disposed of
ITA 1281/BANG/2012[2003-04]Status: HeardITAT Bangalore30 Nov 2021AY 2003-04
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
For Respondent: Sri. Chetan R., Addl.CIT-DR
Section 14Section 143(3)Section 147Section 148Section 260A
reassessment u/s 147
r.w.s. 143(3) of the I.T.Act vide order dated 24.12.2010, wherein he had disallowed the bid loss claimed in the memo of income amounting to Rs.7,14,76,102. M/s.Shriram, Chits (Karnataka) Pvt. Ltd.
4. Aggrieved, the assessee preferred an appeal to the first appellate authority. The assessee contended that the reopening