Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Deputy Commissioner Of Income Tax,Circle- 1(1)(1), Bangalore Vs. M/s. Antariksh Softech Private Limited, Bangalore

LinkedIn


Court :
ITAT Bangalore

Brief :
This appeal by the revenue is against the order dated 29.8.2019 of CIT(Appeals)-1, Bengaluru relating to AY 2016-17. The grounds of appeal raised by the revenue reads as follows:-

Citation :
ITA No.2534/Bang/2019

 IN THE INCOME TAX APPELLATE TRIBUNAL
“C” BENCH : BANGALORE
BEFORE SHRI N V VASUDEVAN, VICE PRESIDENT
AND SHRI B R BASKARAN, ACCOUNTANT MEMBER
ITA No.2534/Bang/2019
Assessment year: 2016-17

The Deputy Commissioner of Income Tax,Circle 1(1)(1),Bangalore.
APPELLANT

Vs. 

M/s. Antariksh Softech P. Ltd.,No.11/1, KHR House Palace Road,Bangalore – 560 052.
PAN: AAHCA 1836G
RESPONDENT

APPELLANT RESPONDENT
Appellant by : Shri Pradeep Kumar, CIT(DR)(ITAT), Bengaluru.
Revenue by : Smt. Sheetal Borkar, Advocate
Date of hearing : 01.10.2020
Date of Pronouncement : 09.10.2020

O R D E R

Per N.V. Vasudevan, Vice President

This appeal by the revenue is against the order dated 29.8.2019 of CIT(Appeals)-1, Bengaluru relating to AY 2016-17.The grounds of appeal raised by the revenue reads as follows:-

“1. The order of learned CIT(Appeals) in so far as it is prejudicial to the interest of revenue, is opposed to law and the facts and circumstances of the case.

2. The ld. CIT(A) erred in deleting the addition of Rs.6,40,18,500/- u/s. 56(2)(vii), the excess amount of share premium received on allotment of equity shares. 

To know more in details find attachment file

 

Guest
on 13 October 2020
Published in Income Tax
Views : 13
downloaded 11 times
Report Abuse

LinkedIn







Trending Tags