ACIT, CHENNAI vs. M/S. S & P FOUNDATION P. LTD., CHENNAI
In the result, the appeal filed by the assessee is partly allowed and the appeal filed by the Revenue stands allowed
ITA 2085/CHNY/2013[2007-08]Status: DisposedITAT Chennai27 Nov 2019AY 2007-08
Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A. No. 382/Chny/2013 िनधा"रण वष"/Assessment Year: 2007-08 M/S. S&P Foundations Pvt. Ltd., The Assistant Commissioner Of Madley Road, T. Nagar, Vs. Income Tax, Chennai 600 017. Central Circle Iv(2), [Pan:Aaics0224K] Chennai - 34. (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 2085/Chny/2013 िनधा"रण वष"/Assessment Year: 2007-08 The Assistant Commissioner Of M/S. S&P Foundations Pvt. Ltd., Income Tax, Central Circle Iv(2), Madley Road, T. Nagar, Vs. Chennai - 34. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri G. Baskar, Advocate Shri J. Pavithran Kumar, Jcit Department By : सुनवाई की तारीख/ Date Of Hearing : 15.10.2019 घोषणा की तारीख /Date Of Pronouncement : 28.11.2019 आदेश /O R D E R Per Duvvuru Rl Reddy: These Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) Ii, Chennai, Dated 05.12.2012 Relevant To The Assessment Year 2007-08 Passed Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].
For Appellant: Shri G. Baskar, Advocate
Section 132Section 139(1)Section 153ASection 271(1)(c)Section 271A
292B of the Act, whereby no return of income, assessment, notice, summons or other proceedings shall be rendered invalid merely on account of any mistake, defect or omission where the return, assessment, notice, summons or other proceedings in substance and effect are in conformity with or according to the intention and purpose of the Act. By incorporating this provision
