DAVANAM JEWELLERS PRIVATE LIMITED,BANGALORE vs. ACIT, CENTRAL CIRCLE-1(4), BANGALORE
In the result appeal of the Assessee is dismissed
ITA 122/BANG/2026[2019-20]Status: DisposedITAT Bangalore27 Mar 2026AY 2019-20
Bench: Shri Prashant Maharishi, Vice – & Shri Keshav Dubeyassessment Year: 2019-20
For Appellant: Smt. Pooja Maru, CA
Section 132Section 139Section 143Section 147Section 148Section 148ASection 37
147 instead of section 153C of the Act, rendering the reassessment proceedings invalid.
4. The Ld. CIT(A) has erred in confirming the impugned assessment order disallowing consultancy charges of ₹1,37,00,000 under section 37 of the Act, without appreciating that the expenditure was incurred wholly and exclusively for the purposes of business