(Per M. S. Sonak, J.)
1. Heard learned counsel for the parties.
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JUDGMENT-ITXA-1857.18(1).DOCX
2. This Appeal is directed against the Income Tax Appellate
Tribunal’s (ITAT) order dated 15 September 2017 allowing the
Respondent-Assessee’s Appeal and setting aside the order
dated 30 April 2015 made by the Commissioner of Income Tax
(Appeals)-I, Thane, for the Assessment Year 2007-08.
3. The assessee, engaged in the business of distributing
photographic and electronic imaging systems, filed its return
of income on 31 October 2007, declaring a total income of
Rs.11,42,17,803/-. This return was revised on 07 November
2007, declaring a total income of Rs.12,30,39,783/-.