M/S ROCKBED RENOVATORS LTD.,BHOPAL vs. THE PCIT-1, BHOPAL
In the result, the appeal of the assessee is allowed
ITA 214/IND/2023[2018-19]Status: HeardITAT Indore12 Jun 2024AY 2018-19
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanirockbed Renovators Ltd. Pr. Cit-1 7-A, Panjabi Bagh Raisen Road Bhopal Govindpura Vs. Bhopal (Appellant / Assessee) (Respondent/ Revenue) Pan: Aaacr7151G Assessee By Shri Gagan Tiwari Ar Revenue By Ms. Ila Parmar, Cit- Dr Date Of Hearing 10.06.2024 Date Of Pronouncement 12.06.2024
Section 143(3)Section 196CSection 263
TDS was deducted u/s 196C.
5. The Learned PCIThas erred in concluding that the assessment order passed by the AO is prejudicial to the interest of the revenue and is erroneous in the nature.
6. That the impugned order is contrary to the extant judicial position wherein it has been settled that the revisionary power by the LD PCIT/CIT
