M/s. Indus Fila Limited, Nelamangala V. Deputy Commissioner of Income Tax, Circle-11(4), Bengaluru

ITA 2644/BANG/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 7680 (ITAT-BANGALORE)
• Duration Of Justice: 7 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-07-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 07-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUSAN D GEORGE

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, BANGALORE BENCH A BEFORE SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI A.K GARODIA, ACCOUNTANT MEMBER ITA NO.2644/BANG/2017 (ASST. YEAR 2010-11) M/S INDUS FILA LTD., SURVEY NO.284/285, 37 TH K.M STONE, FROM BANGALORE, TUMKUR ROAD, N.H.4, T. BEGUR, KASABA HOBLI, TALUK, NELAMANGALA. .APPELLANT VS. THE DY. COMMISSIONER OF INCOME-TAX, CIRCLE-11(4), BANGALORE. . RESPONDENT APPELLANT BY : NONE RESPONDENT BY : SUSAN D GEORGE DATE OF HEARING : 28-06-2018 DATE OF PRONOUNCEMENT : 13-07-2018 O R D E R PER SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER : THIS APPEAL IS PREFERRED BY THE ASSESSEE AGA INST THE ORDER OF THE COMMISSIONER OF INCOME-TAX (APPEALS) IN LIEU OF FOLLOWING GROUNDS:- 1. THE LEARNED CIT (A) ERRED IN PASSING THE ORDER IN THE MANNER IN WHICH HE DID. 2. THE LEARNED CIT (A) ERRED IN DISALLOWING THE PR ELIMINARY EXPENSES RELATES TO SHARE ISSUE EXPENSES ON ACCOUNT OF MERGER AND IS BEING CLAIMED IN 5 INSTALLMENTS AND THE DISA LLOWED AMOUNT REPRESENTS THE 4TH INSTALLMENT. ITA NO.2644/B/17 3 COPY TO :1. THE ASSESSEE 2. THE REVENUE 3.THE CIT CONCERNED. 4.THE CIT(A) CONCERNED. 5.DR 6.GF BY ORDER SR. PRIVAT E SECRETARY, ITAT, BANGALORE