Bizdata Technologies Pvt. Ltd., CHENNAI V. ITO Corporate Ward 1(1), CHENNAI

ITA 1135/CHNY/2018

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 9461 (ITAT-CHENNAI)
• Duration Of Justice: 4 year(s) 5 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-09-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2011-2012
• Appeal Filed On: 02-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 10B

Judgement Text

आयकर अपीलीय अिधकरण ‘सी’ ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, CHENNAI माननीय +ी महावीर िसंह, उपा01 एवं माननीय +ी मनोज कु मार अ6वाल ,लेखा सद9 के सम1। BEFORE HON’BLE SHRI MAHAVIR SINGH, VICE PRESIDENT AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकर अपील सं./ ITA No.1135/Chny/2018 (िनधाBरण वषB / Assessment Year: 2011-12) M/s. Bizdata Technologies Pvt. Ltd. New No.30, Old No.7, 3 rd Main Road, Kotturgarden, Chennai-600 085. बनाम/ V s. ITO, Corporate Ward-1(1), Chennai. थायी लेखा सं./जीआइ आर सं./P AN /GI R No . AAC C B -5 5 9 2 - R (अपीलाथ /Appellant) : ( थ / Respondent) अपीलाथ की ओरसे/ Appellant by : Shri K. Ravi (Advocate) – Ld. AR थ की ओरसे/Respondent by : Shri P. Sajit Kumar (JCIT) –Ld. DR सुनवाई की तारीख/Date of Hearing : 30-08-2022 घोषणा की तारीख /Date of Pronouncement : 07-09-2022 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2011-12 arises out of the order of learned Commissioner of Income Tax (Appeals)-3, Chennai [CIT(A)] dated 29-12-2017 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s.143(3) of the Act on 07-02-2014. The only grievance of the assessee is denial of deduction u/s 10B. 2. The registry has noted a delay of 35 days in the appeal, the condonation of which has been sought by Ld. AR. Considering the ITA No.1135/Chny/2018 - 2 - period of delay, we condone the delay and admit the appeal for adjudication on merits. 3. Upon perusal of impugned order, it could be noted that deduction of Rs.47.03 Lacs has been claimed by the assessee u/s 10B without getting the approval of appropriate authority. The Ld. CIT(A), relying upon the decision of Hon’ble High Court of Madras in the case of CIT V/s Live Connection Software Solutions Pvt. Ltd. (370 ITR 356), held that the approval was mandatory to claim this deduction. Aggrieved, the assessee is in further appeal before us wherein the position is the same. No document supporting the claim has been placed before us. Therefore, finding no substance in the appeal, we dismiss the same. 4. The appeal stands dismissed. Order pronounced on 07 th September, 2022. Sd/- (MAHAVIR SINGH) उपा01 /VICE PRESIDENT Sd/- (MANOJ KUMAR AGGARWAL) लेखा सद9 / ACCOUNTANT MEMBER चे,ई / Chennai; िदनांक / Dated : 07-09-2022 EDN/- आदेश की Vितिलिप अ 6ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. यथ /Respondent 3. आयकर आयु (अपील)/CIT(A) 4. आयकर आयु /CIT 5. िवभागीय ितिनिध/DR 6. गाड फाईल/GF