PENTA MEDIA GRAPHICS LTD.,CHENNAI vs. DCIT, CHENNAI
In the result, the appeal filed by the assessee for AY 2003-04 is allowed for statistical purposes and the appeal for AY 2002-03 is dismissed
ITA 1403/CHNY/2015[2002-03]Status: DisposedITAT Chennai29 Jul 2022AY 2002-03
Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.1403 & 1404/Chny/2015 िनधा"रण वष"/Assessment Years: 2002-03 & 2003-04 M/S. Penta Media Graphics Ltd., Vs. The Deputy Commissioner Of ‘Taurus’, No. 25, First Main Road, Income Tax, Media Circle I, Room No. 311, 3Rd Floor, New Block, United India Colony Kodambakkam, Chennai 600 024. 121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034. [Pan: Aaacp1647B] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Sree Lakshmi Valli, Advocate ""थ" की ओर से/Respondent By : Shri Guru Bashyam, Cit-Dr सुनवाई की तारीख/ Date Of Hearing : 06.07.2022 घोषणा की तारीख /Date Of Pronouncement : 29.07.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai Dated 27.03.2015 & 31.03.2015 Relevant To The Assessment Years 2002-03 & 2003-04 Respectively.
For Appellant: Sree Lakshmi Valli, AdvocateFor Respondent: Shri Guru Bashyam, CIT-DR
Section 10BSection 143(3)Section 263
reassessment dated 3.7.2008. Sec.263 provides for a revision of an order of assessment if the CIT is of the opinion that the said order is erroneous and prejudicial to the interest of revenue. In the instant case in so far as the opinion has been formed by the Assessing Authority and not the Commissioner of Income Tax, jurisdiction u/s
