M/S.US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE JCIT, TRIVANDRUM

In the result, the appeal filed by the assessee is allowed

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

disallowed the amount claimed by the assessee, both u/s 10A and 10B of the I.T.Act. Against the reassessment order, the assessee-company had filed appeal before the CIT(A). 3.2 On 09.10.2016, the Commissioner of Income-tax initiated proceedings u./s 263 of the I.T.Act, proposing to revise the reassessment order u/s 143(3) r.w.s. 147