DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S MANI SQUARE LTD., KOLKATA

In the result, both the appeals of the revenue are dismissed

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Properties Pvt. Ltd., the proceedings u/s. 147 are not in respect of your company i.e. M/s. Mani Square. Hence, the fact that M/s. Mani Square Ltd. is before the Hon’ble Settlement Commission for that assessment year is not relevant as the proceedings are different.” 8. From a reading of the aforesaid letter it is discernible that the AO admitted