FEDEX EXPRESS TRANPORTATION AND SUPPLY CHAIN SERVICES (INDIA) P.LTD,MUMBAI vs. PR CIT 9, MUMBAI
In the result, the appeal of the assessee is allowed
ITA 3621/MUM/2016[2011-12]Status: DisposedITAT Mumbai17 Nov 2017AY 2011-12
Bench: D.T. Garasia & Shri Rajesh Kumarassessment Year: 2011-12 Fedex Express Transportation The Principal Commissioner Of & Supply Chain Services Income Tax – 9 Room No.214, 2Nd Floor, (India) Private Limited Boomerang, Unit No.801, Aayakar Bhavan, M. K. Road, Vs. Wing-A, 8Th Floor, Mumbai - 400020 Chandivali Farm Road, Andheri (East) Mumbai - 400072 Pan: Aabcf6516A (Appellant) (Respondent) Present For: Assessee By : Shri Jitendra Jain Revenue By : Shri S. Padmaja (Cit-Dr) Date Of Hearing : 15.09.2017 Date Of Pronouncement : 17.11.2017 O R D E R
For Appellant: Shri Jitendra JainFor Respondent: Shri S. Padmaja (CIT-DR)
Section 119Section 139(5)Section 263
139D and Rule 12(2) of the IT Rules read with circular no.9/2006 dated
10.10.2006 (Annexure 5) and instructions it does not provide for any provision to hold return filed on unaudited accounts as invalid return. The assessee’s return is first year of incorporation, the assessee under the Companies Act could have got its accounts audited in accordance with
