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
pricing adjustment proposed by the Ld.TPO. The details of the additions proposed by the Ld.AO are as under:
Total income as per ITR
Rs. 39,82,64,080/-
Add: TP addition u/s 92CA
Rs.41,59,26,724/-
Add: Disallowance u/s 80G
Rs.5,50,000/-
Add: Disallowance u/s 40A(7)
Rs. 1,84,63,980/-
Total
