M/s Mag India Industrial Automation Systems Pvt Ltd , Bangalore Vs The Principal Commissioner of Income Tax Bangalore-4 , Bangalore
Last updated: 22 October 2020
Court :
ITAT Bangalore
Brief :
The assessee has filed this appeal challenging the revision order passed by Ld. Principal CIT-4, Bengaluru for assessment year 2014-15 u/s 263 of the Income-tax Act,1961 ['the Act' for short]. The assessee is challenging the validity of revision order passed by the Pr. CIT.
Citation :
ITA No.2218/Bang/2018
IN THE INCOME TAX APPELLATE TRIBUNAL
“B’’BENCH: BANGALORE
BEFORE SHRI B. R. BASKARAN, ACCOUNTANT MEMBER
AND
SMT. BEENA PILLAI, JUDICIAL MEMBER
ITA No.2218/Bang/2018
AssessmentYear: 2014-15
M/s. Mag India Industrial Automation Systems Pvt. Ltd.No.67, 1st Main, 2nd Stage Industrial Suburb,Yeshwanthpur Bengaluru-560 022 PAN NO :AAECM9067F
APPELLANT
Vs.
Principal Commissioner of Income-tax Bengaluru
RESPONDENT
Appellant by : Smt. K. Soumya, A.R.
Respondent by : Shri Muzaffar Hussain, D.R.
Date of Hearing : 20.10.2020
Date of Pronouncement : 20.10.2020
O R D E R
PER B.R. BASKARAN, ACCOUNTANT MEMBER:
The assessee has filed this appeal challenging the revision order passed by Ld. Principal CIT-4, Bengaluru for assessment year 2014-15 u/s 263 of the Income-tax Act,1961 ['the Act' for short].The assessee is challenging the validity of revision order passed by the Pr. CIT.
2. We heard the parties and perused the record. The assessee is engaged in the business of marketing of industrial machinery and also providing software services to industrial machinery. The assessment in this case was completed by the A.O. u/s 143(3) of the Act on 21.11.2016. The A.O. accepted the total income returned by the assessee.
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