IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH : BANGALORE BEFORE SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K., JUDICIAL MEMBER Assessment Year : 2023-24

M/s. Shore Dwellings Pvt. Ltd. #C-5 5/1, Rich Homes, Richmond Road, Richmond Town, Bengaluru – 560 025. PAN: AAACZ3029P	Vs.	The Income Tax Officer, Ward – 6[1][1], Bengaluru.
APPELLANT		RESPONDENT

Assessee by : Shri V. Srinivasan, Advocate Revenue by : Smt. Srinandini Das, CIT-DR Date of Hearing : 14-08-2025 Date of Pronouncement : 10-11-2025

ORDER

PER SOUNDARARAJAN K., JUDICIAL MEMBER This is an appeal filed by the assessee challenging the order of the Ld.Addl/JCIT(A)-3, Chennai dated 07/03/2025 in respect of the A.Y. 2023-

24.

2. The brief facts of the case are that the assessee filed their return of income on 31/10/2023. Thereafter, filed a revised return of income on 29/12/2023 and declared a loss of Rs. 211,32,58,126/-. Along with the said return, the assessee also filed the tax audit report in form 3CA and form 3CD on 27/12/2023. The return was processed u/s. 143(1) in which the CPC had determined the total income at Rs. 130,41,54,330/-.

3. In the said intimation, the CPC had disallo

Click Here to Read the rest of this document