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52 results for “penalty u/s 271”+ Section 144C(5)clear

Sorted by relevance

Delhi667Mumbai395Bangalore137Pune55Kolkata52Ahmedabad48Hyderabad31Jaipur21Chennai20Dehradun12Indore5Cuttack5Visakhapatnam4Rajkot3Surat2Chandigarh2Cochin2Raipur1Jabalpur1Karnataka1

Key Topics

Section 143(3)53Section 92C53Section 144C37Transfer Pricing29Section 144C(5)27Section 271(1)(c)25Section 27120Addition to Income20Section 144C(13)

ZYDUS HEALTHCARE LTD,GANGTOK vs. ACIT, CIR. 3(2), GANGTOK

In the result, the appeal of the assessee is allowed

ITA 139/KOL/2021[2014-15]Status: DisposedITAT Kolkata20 Feb 2023AY 2014-15

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawali.T.A. No. 139/Kol/2021 Assessment Year: 2014-2015 Zydus Healhcare Limited,……..................Appellant (Successor To Zydus Healthcare Sikkim), 4Th Floor, ‘D’ Wing, Zudus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandhinagar), Nr. Vaishnodevi Circle, Ahmedabad, Gandhinagar, Gujrat-382481 [Pan: Aaacg1895Q] -Vs.- Assistant Commissioner Of Income Tax,....Respondent Circle-3(2), Gangtok, Sikkim-737101 Appearances By: Shri Ajit Kumar Jain, Ca & Sonal Pandey, A.R., Appeared On Behalf Of The Assessee Shri G. Hukugha Sema, Cit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : January 18, 2023 Date Of Pronouncing The Order : February 20, 2023 O R D E R

Section 143(3)Section 144CSection 153Section 156Section 271Section 271(1)(c)Section 274

5. The order is passed as per the provisions of section 143(3)/263 read with section 144C of the I.T. Act, 1961. Copy of Draft Assessment Order is issued to the assessee. Tax payable as per calculation sheet. 6. Penalty proceeding u/s 271

Showing 1–20 of 52 · Page 1 of 3

18
Section 143(2)14
Penalty12
Comparables/TP10

M/S PRICEWATERHOUSE COOPERS PVT. LTD.,KOLKATA vs. ACIT, CIRCLE-2(2), KOLKATA, KOLKATA

In the result, appeal of the assessee is allowed in part

ITA 2298/KOL/2016[2011-2012]Status: DisposedITAT Kolkata29 May 2020AY 2011-2012

Bench: Sri J. Sudhakar Reddy & Sri S.S. Godara) Assessment Year: 2011-12 M/S. Pricewaterhouse Coopers Private Limited……...............................……………………......Appellant Block-Ep, Plot –Y14 Salt Lake City Sector-V Kolkata – 700 091 [Pan : Aabcp 9181 H] Vs. Deputy Commissioner Of Income Tax (It), Circle-2(1), Kolkata……..........................…....Appellant Appearances By: Shri Kanchun Kaushal, A/R & Shri Bikash Kr. Jain, Ca, Appeared On Behalf Of The Assessee. Shri Vijay Shankar, Cit, D/R, Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 25Th, 2020 Date Of Pronouncing The Order : May 29Th, 2020 Order Per J. Sudhakar Reddy, Am :-

Section 144C(13)

penalty notice under section 274 read with section 271(1)(C) of the Act along with the draft assessment order section 274 read with section 271(1)(C) of the Act along with the draft assessment order section 274 read with section 271(1)(C) of the Act along with the draft assessment order dated 27 November 2015, which renders

AMBO AGRO PRODUCTS LIMITED,KOLKATA vs. PR. CIT-3, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2025/KOL/2016[2009-10]Status: DisposedITAT Kolkata04 Apr 2018AY 2009-10

Bench: Hon’Ble Shri M.Balaganesh, Am & Hon’Ble Shri S.S.Viswanethra Ravi, Jm] I.T.A No. 2025/Kol/2016 Assessment Year : 2009-10 M/S Ambo Agro Products Ltd. -Vs- Pr.Cit-3, Kolkata. [Pan: Aaeca 5908 Q] (Appellant) (Respondent)

For Appellant: Shri Soumitra Choudhury, AdvocateFor Respondent: Shri G. Hangshing, CIT
Section 143(3)Section 144C(5)Section 154Section 263Section 271Section 271(1)Section 271(1)(c)Section 274Section 50Section 50B

Section 144C(5) determining the total income at Rs. 30,98,86,270/- predominantly comprising of long term capital gain. Later the Ld. Pr. CIT issued show cause notice dated 12.08.2015 u/s 263 of the Act seeking to revise the order passed by the ld. AO on the following grounds: a) The ld. AO has not examined short term capital

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

ITA 409/KOL/2016[2008-09]Status: DisposedITAT Kolkata18 Apr 2018AY 2008-09

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 132Section 143(2)Section 144CSection 153ASection 271Section 271(1)(c)Section 274Section 92C

5 December 2013. The adjustments made by the TPO in respect of the Interest Free Loan and Corporate Guarantee were reduced by the DRP vide directions dated 22 November 2013. In view of the same, the AO passed the final assessment order (dated 30 January 2014) under section 153A/ 143(3) read with section 144C of the Act, where

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

ITA 406/KOL/2016[2005-2006]Status: DisposedITAT Kolkata18 Apr 2018AY 2005-2006

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 132Section 143(2)Section 144CSection 153ASection 271Section 271(1)(c)Section 274Section 92C

5 December 2013. The adjustments made by the TPO in respect of the Interest Free Loan and Corporate Guarantee were reduced by the DRP vide directions dated 22 November 2013. In view of the same, the AO passed the final assessment order (dated 30 January 2014) under section 153A/ 143(3) read with section 144C of the Act, where

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

ITA 407/KOL/2016[2006-07]Status: DisposedITAT Kolkata18 Apr 2018AY 2006-07

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 132Section 143(2)Section 144CSection 153ASection 271Section 271(1)(c)Section 274Section 92C

5 December 2013. The adjustments made by the TPO in respect of the Interest Free Loan and Corporate Guarantee were reduced by the DRP vide directions dated 22 November 2013. In view of the same, the AO passed the final assessment order (dated 30 January 2014) under section 153A/ 143(3) read with section 144C of the Act, where

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

ITA 408/KOL/2016[2007-08]Status: DisposedITAT Kolkata18 Apr 2018AY 2007-08

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 132Section 143(2)Section 144CSection 153ASection 271Section 271(1)(c)Section 274Section 92C

5 December 2013. The adjustments made by the TPO in respect of the Interest Free Loan and Corporate Guarantee were reduced by the DRP vide directions dated 22 November 2013. In view of the same, the AO passed the final assessment order (dated 30 January 2014) under section 153A/ 143(3) read with section 144C of the Act, where

DCIT, CC-4(4), KOLKATA, KOLKATA vs. M/S ELECTROSTEEEL CASTINGS LTD., KOLKATA

In the result, all the appeals of revenue are dismissed

ITA 410/KOL/2016[2009-2010]Status: DisposedITAT Kolkata18 Apr 2018AY 2009-2010

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 132Section 143(2)Section 144CSection 153ASection 271Section 271(1)(c)Section 274Section 92C

5 December 2013. The adjustments made by the TPO in respect of the Interest Free Loan and Corporate Guarantee were reduced by the DRP vide directions dated 22 November 2013. In view of the same, the AO passed the final assessment order (dated 30 January 2014) under section 153A/ 143(3) read with section 144C of the Act, where

M/S. PHILIPS INDIA LIMITED,KOLKATA vs. ACIT, CIRCLE - 12(2), , KOLKATA

In the result, the appeal of the assessee stands allowed

ITA 2308/KOL/2019[2004-05]Status: DisposedITAT Kolkata06 Feb 2023AY 2004-05

Bench: Shri Sanjay Garg & Shri Girish Agrawali.T.A. No.2308/Kol/2019 Assessment Year: 2004-05 M/S Philips India Limited.….............……….........…..........….…… Appellant 3Rd Floor, Tower A, Dlf Park, 08 Block Af, Major Arterial Road, New Town (Rajarhat), Kolkata-700156. [Pan: Aabcp9487A] Vs. Acit, Circle-12(2), Kolkata.......….....……........…...…...…..…..... Respondent Appearances By: Shri Ketan K Ved, Ca, Appeared On Behalf Of The Appellant. Shri Amal Kamat, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 17, 2022 Date Of Pronouncing The Order : February 06, 2023 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 31.07.2019 Of The Assessing Officer (In Short The ‘A.O’) Passed U/S 92Ca(3) & 144C Read With Section 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) In Pursuance Of The Directions Of The Dispute Resolution Panel (Drp) Dated 14.05.2019. 2. At The Outset, The Ld. Counsel For The Assessee Has Submitted That The Impugned Assessment Order Framed By The Assessing Officer Is Null & Void Being Framed Without Passing Of Draft Assessment Order. That The Assessing Officer Without Passing Of Draft Assessment Order & Without Giving Opportunity To The Assessee To File Objections Against The Said Draft Assessment Order As Per Provisions To Section 144C Of The

Section 143(3)Section 144CSection 144C(1)Section 144C(5)Section 274Section 92C

u/s 92CA(4) of the Act and, therefore, we find ourselves unable to deal with the invalid draft assessment order. 3.8 In view of our decision at Para 3.7 above, there is no need of DRP directions on Ground of objections between No. 2 to 5.” 3. A perusal of the above DRP order would reveal that DRP has categorically

M/S. TCG LIFESCIENCES PRIVATE LIMITED.,KOLKATA vs. ACIT, CIRCLE-11(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 2169/KOL/2017[2013-14]Status: DisposedITAT Kolkata15 Mar 2019AY 2013-14

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri S.S. Viswanethra Ravi

Section 143(3)Section 144C(5)Section 14ASection 92C

u/s 14A Rs. 5,38,000/- (iii) Disallowance of interest Rs. 6,025/- expenses 4. Aggrieved by the order passed by the Assessing Officer under section 143(3)/144C(5) of the Act, the assessee has preferred this appeal before the Tribunal on the following grounds:- “1. Orders bad in law and on facts 1.1. That the order passed

M/S. LABVANTAGE SOLUTIONS PVT. LTD.,,KOLKATA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIR- 2(1),, KOLKATA

In the result, the appeal of the assessee for the Asst Year 2013-14 in ITA No

ITA 927/KOL/2017[2012-13]Status: DisposedITAT Kolkata11 May 2018AY 2012-13

Bench: Hon’Ble Shri A.T.Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A Nos. 927 & 2400/Kol/2017 Assessment Years : 2012-13 & 2013-14

For Appellant: Shri Manoneet Dalal &For Respondent: Shri G.Mallikarjuna, CIT, DR
Section 144C(5)

144C(5) of the Act dated 8.3.2017 pursuant to the 154 petition of the assessee and arrived at the revised PLI of comparables after taking into account working capital adjustments as under:- Sl.No. Comparable companies PLI as per Corrected Revised PLI order of the PLI post on TPO dt. directions incorporation 31.12.2015(%) issued by the of working Dispute capital Resolution

M/S. LABVANTAGE SOLUTIONS PRIVATE LIMITED ,KOLKATA vs. ACIT, CIRCLE - 2(1), KOLKATA , KOLKATA

In the result, the appeal of the assessee for the Asst Year 2013-14 in ITA No

ITA 2400/KOL/2017[2013-14]Status: DisposedITAT Kolkata11 May 2018AY 2013-14

Bench: Hon’Ble Shri A.T.Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A Nos. 927 & 2400/Kol/2017 Assessment Years : 2012-13 & 2013-14

For Appellant: Shri Manoneet Dalal &For Respondent: Shri G.Mallikarjuna, CIT, DR
Section 144C(5)

144C(5) of the Act dated 8.3.2017 pursuant to the 154 petition of the assessee and arrived at the revised PLI of comparables after taking into account working capital adjustments as under:- Sl.No. Comparable companies PLI as per Corrected Revised PLI order of the PLI post on TPO dt. directions incorporation 31.12.2015(%) issued by the of working Dispute capital Resolution

DCIT, CIR-2(1), KOLKATA, KOLKATA vs. M/S LABVANTAGE SOLUTIONS PVT. LTD., KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 599/KOL/2015[2010-2011]Status: DisposedITAT Kolkata19 Oct 2016AY 2010-2011

Bench: Shri M. Balaganesh, Am & Shri S.S. Viswanethra Ravi, Jm]

For Appellant: Shri Mawheet Dalal, Advocate & Shri Gunjan Khanna, ARFor Respondent: Shri G. Mallikarjuna, CIT, DR
Section 143(1)Section 143(2)Section 144C(15)(b)Section 144C(5)Section 144C(8)Section 148Section 40Section 92C

144C(15)(b) of the Act and accordingly the ld DRP cannot assume jurisdiction and directed the ld AO to proceed as per law. (xi) The ld AR argued that the entire addition of Rs. 2,43,53,752/- made in the reassessment based on ld TPO’s order , which was passed vide illegal reference, deserves to be deleted

M/S LABVANTAGE SOLUTIONS PVT. LTD.,KOLKATA vs. DCIT, CIR-2(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 617/KOL/2015[2010-2011]Status: DisposedITAT Kolkata19 Oct 2016AY 2010-2011

Bench: Shri M. Balaganesh, Am & Shri S.S. Viswanethra Ravi, Jm]

For Appellant: Shri Mawheet Dalal, Advocate & Shri Gunjan Khanna, ARFor Respondent: Shri G. Mallikarjuna, CIT, DR
Section 143(1)Section 143(2)Section 144C(15)(b)Section 144C(5)Section 144C(8)Section 148Section 40Section 92C

144C(15)(b) of the Act and accordingly the ld DRP cannot assume jurisdiction and directed the ld AO to proceed as per law. (xi) The ld AR argued that the entire addition of Rs. 2,43,53,752/- made in the reassessment based on ld TPO’s order , which was passed vide illegal reference, deserves to be deleted

M/S LABVANTAGE SOLUTIONS PVT. LTD.,KOLKATA vs. DCIT, CIR-2(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 1051/KOL/2015[2009-2010]Status: DisposedITAT Kolkata19 Oct 2016AY 2009-2010

Bench: Shri M. Balaganesh, Am & Shri S.S. Viswanethra Ravi, Jm]

For Appellant: Shri Mawheet Dalal, Advocate & Shri Gunjan Khanna, ARFor Respondent: Shri G. Mallikarjuna, CIT, DR
Section 143(1)Section 143(2)Section 144C(15)(b)Section 144C(5)Section 144C(8)Section 148Section 40Section 92C

144C(15)(b) of the Act and accordingly the ld DRP cannot assume jurisdiction and directed the ld AO to proceed as per law. (xi) The ld AR argued that the entire addition of Rs. 2,43,53,752/- made in the reassessment based on ld TPO’s order , which was passed vide illegal reference, deserves to be deleted

BOTHRA SHIPPING SERVICES(CURRENTLY KNOWN AS BOTHRA SHIPPING SERVICES (P) LTD.,KOLKATA vs. ACIT,CENTAL CIRCLE-1(1), KOLKATA, KOLKATA

In the result ground no. 11 & 12 are allowed for statistical purpose

ITA 178/KOL/2017[2010-2011]Status: DisposedITAT Kolkata31 Jul 2018AY 2010-2011

Bench: Sri J. Sudhakar Reddy & Sri Aby T. Varkey) Assessment Year: 2010-11 Assessment Year: 2011-12 Assessment Year: 2012-13 Bothra Shipping Services ......…..…….……………………..…………………………………..……….……..Appellant (Currently Known As Bothra Shipping Services Pvt. Ltd.) Room No. 10 2Nd Floor “Sagar Estate 2 Clive Ghat Street Kolkata – 700 107 [Pan : Aadfb 8479 P] Assistant Commissioner Of Income Tax, Central Circle-1(1), Kolkata.…….......….......Respondent Appearances By: Shri Naresh Jain & Mrs. Arati Debnath, Ar, Appeared On Behalf Of The Assessee. Shri G. Mallikarjuna, Cit, D/R. Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : June 26Th, 2018 Date Of Pronouncing The Order : July 31St , 2018 Order Per J. Sudhakar Reddy, Am :- All These Appeals Filed By The Assessee Are Directed Against The Separate Orders Passed U/S 144C R.W.S. 143(3) Of The Income Tax Act, 1961 (In Short The ‘Act’). As The Issues Arising In All These Appeals Are Common, For The Sake Of Convenience They Are Heard Together & Disposed Off By Way Of This Common Order. 2. Brief Facts Of This Case Are Brought Out By The Ld. Drp At Page 1 Of His Order Which Is Extracted For Ready Reference:- Bothra India Is Engaged In The Business Of Handling Bulk Cargoes. Its Activities Include Vessel Handling, Stevedoring & Cargo Handling, Clearing & Forwarding & Other Port Related Activities. Jaldhi Overseas Pte Ltd ('Jaldhi Overseas') Engages Bothra India For Vessel Handling At The Port, To Provide Various Vessel Related Services Until The Vessel

Section 143(3)Section 144CSection 153ASection 153BSection 92CSection 92C(3)

penalty proceedings u/s. 274 r.w.s. 271 of the Act. The Appellant craves leave to add to and/or to alter, amend, rescind, modify the grounds herein above or produce further documents before or at the time of hearing of this Appeal. 3. Though the assessee has raised a number of grounds before us, it had contested only the issue of determination

RECKITT BENCKISER (INDIA) PVT LTD.,KOLKATA vs. DCIT, CIRCLE-12(1), KOLKATA, KOLKATA

In the result, the appeals of the assessee are partly allowed for statistical purposes

ITA 2631/KOL/2019[2015-16]Status: DisposedITAT Kolkata18 Mar 2025AY 2015-16

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarmaita Nos.78/Kol/2018 Assessment Year: 2013-14 &

For Appellant: Shri Deepak Chopra, AR & Shri Rohan Khare, ARFor Respondent: Shri Guru Bhashyam, CIT, DR
Section 143(3)Section 144CSection 144C(13)Section 144C(5)Section 92BSection 92C

u/s. 144C(5) of the Act ITA Nos.2631/Kol/2019& ITA No. 1801&2319/Kol/2024 Reckitt Benckiser (I) P. Ltd., AYs 2013-14 to 2015-16, 2020-21 & 2021-22 for the AYs 2013-14, 2014-15, 2015-16, 2020-21 and 2021-22 respectively. 2. Since grounds are common, facts are identical in all the appeals, hence, these appeals have been heard

RECKITT BENCKISER (INDIA) PVT LTD.,KOLKATA vs. DCIT, CIRCLE-12(1), KOLKATA, KOLKATA

In the result, the appeals of the assessee are partly allowed for statistical purposes

ITA 78/KOL/2018[2013-14]Status: DisposedITAT Kolkata18 Mar 2025AY 2013-14

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarmaita Nos.78/Kol/2018 Assessment Year: 2013-14 &

For Appellant: Shri Deepak Chopra, AR & Shri Rohan Khare, ARFor Respondent: Shri Guru Bhashyam, CIT, DR
Section 143(3)Section 144CSection 144C(13)Section 144C(5)Section 92BSection 92C

u/s. 144C(5) of the Act ITA Nos.2631/Kol/2019& ITA No. 1801&2319/Kol/2024 Reckitt Benckiser (I) P. Ltd., AYs 2013-14 to 2015-16, 2020-21 & 2021-22 for the AYs 2013-14, 2014-15, 2015-16, 2020-21 and 2021-22 respectively. 2. Since grounds are common, facts are identical in all the appeals, hence, these appeals have been heard

RECKITT BENCKISER (INDIA) PVT. LTD.,GURGAON vs. D.C.I.T., CIRCLE - 11(1),, KOLKATA

In the result, the appeals of the assessee are partly allowed for statistical purposes

ITA 1801/KOL/2024[2020-2021]Status: DisposedITAT Kolkata18 Mar 2025AY 2020-2021

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarmaita Nos.78/Kol/2018 Assessment Year: 2013-14 &

For Appellant: Shri Deepak Chopra, AR & Shri Rohan Khare, ARFor Respondent: Shri Guru Bhashyam, CIT, DR
Section 143(3)Section 144CSection 144C(13)Section 144C(5)Section 92BSection 92C

u/s. 144C(5) of the Act ITA Nos.2631/Kol/2019& ITA No. 1801&2319/Kol/2024 Reckitt Benckiser (I) P. Ltd., AYs 2013-14 to 2015-16, 2020-21 & 2021-22 for the AYs 2013-14, 2014-15, 2015-16, 2020-21 and 2021-22 respectively. 2. Since grounds are common, facts are identical in all the appeals, hence, these appeals have been heard

REDTECH NETWORK INDIA PRIVATE LIMITED,KOLKATA vs. ACIT, CIRCLE - 2(2), KOLKATA , KOLKATA

In the result, appeal of the assessee is allowed

ITA 2378/KOL/2017[2013-14]Status: DisposedITAT Kolkata27 Nov 2019AY 2013-14

Bench: Sri J. Sudhakar Reddy & Sri S.S. Godara) Assessment Year: 2013-14 Redtech Network India Private Limited.......................................................……………….…......Appellant Godrej Waterside 5Th Floor Unit-504 Sector-V Salt Lake City Kolkata – 700 091 [Pan : Aabcb 5398 J] Vs. Asstt. Commissioner Of Income Tax, Circle-2(2), Kolkata……....................………....…....Respondent Appearances By: Shri Ajit Korde, Advocate, Appeared On Behalf Of The Assessee. Dr. P.K. Srihari, Cit Sr. D/R, Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : October 14Th, 2019 Date Of Pronouncing The Order : November 27Th, 2019 Order Per J. Sudhakar Reddy, Am :-

Section 143(3)Section 14A

144C(5) of the Income Tax Act, 1961 (the ‘Act’), dt. 22/09/2017, for the Assessment Year 2013-14. 2. The assessee company, Redtech Network India Private Limited (‘Redtech India’), is a subsidiary of Usha Communications Technology Limited (UCTL), a company registered in the British Virgin Islands. Redtech India, is involved in development of telecommunication billings and customer care software. Marketing