M/s Sevenseas Global Express Logistics Private Limited , Bangalore The Assistant Commissioner of Income Tax Circle-6(1)(1), Bangalore


Quick Summary
The Income Tax Appellate Tribunal has allowed an appeal by M/s Sevenseas Global Express Logistics concerning an addition of Rs.9 lakhs made by the Assessing Officer. The addition was confirmed by the CIT(A) due to a discrepancy in the PAN number provided in the loan confirmation and Form 16A. The Tribunal restored the matter to the Assessing Officer for a fresh examination, allowing the assessee an opportunity to clarify the confusion regarding the PAN.

Court :
ITAT Bangalore

Brief :
The appeal filed by the assessee is directed against the order dated 14.11.2018 passed by Ld. CIT(A)-6, Bengaluru and it relates to the assessment year 2013-14. The assessee is aggrieved by the decision of Ld. CIT(A) in confirming the addition of Rs.9 lakhs made by the A.O. u/s 68 of the Income-tax Act,1961 ['the Act' for short].

Citation :
ITA No.198/Bang/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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Published in Income Tax
Views : 224

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