BAN LABS PRIVATE LIMITED,RAJKOT vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX-1, RAJKOT, RAJKOT
In the result, appeal filed by the assessee is allowed
ITA 202/RJT/2024[2018-19]Status: DisposedITAT Rajkot19 Aug 2025AY 2018-19
Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No.202/Rjt/2024 ("नधा"रण वष" / Assessment Year: 2018-19) Ban Labs Pvt. Ltd., Vs. Principal Commissioner Of Ban House, Dr. Vikram Sarabhai Income Tax-1, Nagar, Gondal Road (South), Rajkot Rajkot-360004 (Gujarat) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaacb8999C (Appellant) (Respondent)
For Appellant: Shri D.M. Rindani, ARFor Respondent: Shri Sanjay Punglia, CIT DR
Section 143(1)Section 143(3)Section 144BSection 14ASection 263
7. Shri D.M. Rindani, Ld. Counsel for the assessee argued that Ld. PCIT has exercised his jurisdiction mainly on the fact that Assessing Officer has not conducted proper inquiry, so far, the disallowance of expenses under ITA No.202/RJT/2024/AY.2018-19
Ban Labs Pvt. Ltd. vs. PCIT
Section 14A r.w.r.8D of the Act, is concerned. However, during the assessment proceedings, the Assessing Officer