M/s. NXP India Private Limited, Bangalore Vs. The Principal Commissioner Of Income Tax- 6, New Delhi

Last updated: 13 October 2020

Court :
ITAT Bangalore

Brief :
The assessee has filed this appeal challenging the revision order dated 27-03-2019 passed by Ld Pr. CIT, New Delhi u/s 263 of the Act for the assessment year 2012-13. The contention of the assessee is that the initiation of revision proceeding is without authority of law and jurisdiction.

Citation :
ITA No.1343/Bang/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES “ C ” BENCH: BANGALORE
BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT
AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER

ITA No.1343/Bang/2019
(Assessment Year: 2012-13)

M/s.NXP India Private Limited,(Succor of NXP Semiconductors India Pvt. Ltd.)Ground Floor, Manyata Tech Park,Greenheart Phase III, Nagawara, Bangalore.
Appellant
PAN AAACZ 1978P

Vs.

Principal Commissioner of Income Tax-6,I.P.Estate, New Delhi-110 002
Respondent.

Assessee By: Shri Vikram Vijayraghavan, Advocate.
Revenue By: Shri Pradeep Kumar, CIT (D.R)

Date of Hearing : 30.09.2020.
Date of Pronouncement : 09.10.2020.

O R D E R

PER SHRI B.R. BASKARAN, A.M. :

The assessee has filed this appeal challenging the revision order dated 27-03-2019 passed by Ld Pr. CIT, New Delhi u/s 263 of the Act for the assessment year 2012-13. The contention of the assessee is that the initiation of revision proceeding is without authority of law and jurisdiction.

2. The facts relating to the case are stated in brief. The assessment in the hands of the assessee was completed by the assessing officer, being Assistant Commissioner of Income tax,Circle-5(1)(1), Bangalore on 30-01-2017 for assessment year 2012-13. The company was amalgamated with M/s NXP India (P) Ltd,New Delhi. Hence the Ld Pr. CIT-06, New Delhi called for assessment record and took the view that the assessment order is erroneous and prejudicial to the interests of revenue. Accordingly he initiated revision proceedings u/s 263 of the Act.

To know more in details find the attachment file