The Revenue filed an appeal under Section 260A of the Income-tax Act, 1961, challenging an ITAT order dated 12 May 2023. This ITAT order had dismissed the Revenue's appeal against a CIT(A) order dated 31 August 2018, which had partly allowed the assessee's appeal against an assessment order dated 13 March 2015 for Assessment Year 2012–13. During these proceedings, the respondent-assessee, DBM Geotechnics And Construction Pvt Ltd, underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. An application under Section 9 of the IBC was admitted by the NCLT on 30 August 2019, and a Resolution Plan was approved by the Committee of Creditors on 15 February 2021, and subsequently by the NCLT on 25 January 2023. Crucially, the
…The Revenue filed an appeal under Section 260A of the Income-tax Act, 1961, challenging an order dated 12 May 2023 passed by the Income Tax Appellate Tribunal, Mumbai Bench.
The Tribunal's order dismissed the Revenue's appeal challenging an order dated 31 August 2018 passed by the Commissioner of Income Tax (Appeals) [CIT(A)].
The assessment year in question is Assessment Year 2012–13.
An assessment order dated 13 March 2015 was passed under Section 143(3) of the Income-tax Act, 1961, making certain additions to the income returned by the assessee, specifically deleting subcontract charges of Rs.15,37,38,561/- paid to M/s. Naftogasz (India) Pvt. Ltd.
…Sign in to view the parties.
Assessing Officer completed the assessment for…
Commissioner of Income Tax (Appeals) partly…
The Revenue filed an appeal under Section 260A of the Income-tax Act, 1961, challenging an ITAT order dated 12 May 2023. This ITAT order had dismissed the Revenue's appeal against a CIT(A) order dated 31 August 2018, which had partly allowed the assessee's appeal against an assessment order dated 13 March 2015 for Assessment Year 2012–13. During these proceedings, the respondent-assessee, DBM Geotechnics And Construction Pvt Ltd, underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. An application under Section 9 of the IBC was admitted by the NCLT on 30 August 2019, and a Resolution Plan was approved by the Committee of Creditors on 15 February 2021, and subsequently by the NCLT on 25 January 2023. Crucially, the
…The Revenue filed an appeal under Section 260A of the Income-tax Act, 1961, challenging an order dated 12 May 2023 passed by the Income Tax Appellate Tribunal, Mumbai Bench.
The Tribunal's order dismissed the Revenue's appeal challenging an order dated 31 August 2018 passed by the Commissioner of Income Tax (Appeals) [CIT(A)].
The assessment year in question is Assessment Year 2012–13.
An assessment order dated 13 March 2015 was passed under Section 143(3) of the Income-tax Act, 1961, making certain additions to the income returned by the assessee, specifically deleting subcontract charges of Rs.15,37,38,561/- paid to M/s. Naftogasz (India) Pvt. Ltd.
…Assessing Officer completed the assessment for…
Commissioner of Income Tax (Appeals) partly…