ACIT, MADURAI vs. M/S. STANDARD FIREWORKS PVT. LTD., SIVAKASI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 2654/Chny/2019 िनधा"रण वष"/Assessment Year:2014-15 The Deputy Commissioner Of M/S. Standard Fireworks (P) Ltd., Income Tax, Central Circle 2, Vs. No. 1/3, Thiruthangal Road, Madurai. Sivakasi 626 123. [Pan:Aaccs1480M] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Ms. R. Anita, Jcit ""थ" की ओर से/Respondent By : Shri Arjunraj, Ca For Shri S. Sridhar, Advocate सुनवाई की तारीख/ Date Of Hearing : 31.03.2021 घोषणा की तारीख /Date Of Pronouncement : 09.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Revenue Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 19, Chennai, Dated 27.06.2019 Relevant To The Assessment Year 2014-15 Passed Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short]. In The Grounds Of Appeal, The Revenue Has Raised The Following Grounds: “1. The Order Of The Learned Commissioner Of Income Tax (Appeals) Is Erroneous On Facts Of The Case & In Law. 2. The Ld. Cit(A) Failed To Note That The Assessee Had Only Shifted A Part Of The Industrial Undertaking & Not As Whole.