2023 (10) TMI 977

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..... aram (Advocate)-Ld.AR For the Respondent : Shri Nandakumar (CIT)-Ld. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2015-16 arises out of final assessment order passed by Ld. Assessing Officer, [AO] u/s. 143(3) r.w.s 147 r.w.s 144C(13) of the Act on 27-01-2023 pursuant to the directions of Ld. Dispute Resolution Panel-2, Bengaluru u/s .....

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..... fore this Tribunal wherein the appeals have been allowed by the Tribunal on legal grounds as well as on merits vide IT(TP) Nos.18/Chny/2021 & ors., common order dated 04-05-2023. A copy of the same has been placed on pages nos. 331 to 399 of the paper-book. This position could not be controverted by revenue before us. The Ld. AR pleaded that the issue is squarely covered in assessee's favor. 4. U .....

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..... view, we allow the legal grounds as well as grounds on merits. The appeal stand allowed which render the stay application infructuous. The Ld. AO is directed to re-compute the income of the assessee and allow credit of taxes in accordance with law. 5. The appeal stand allowed. The stay application stand dismissed as infructuous. Order pronounced on 17th October, 2023.
Case laws, Decisions, J .....

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