IN THE INCOME TAX APPELLATE TRIBUNAL
                DELHI BENCH "C" NEW DELHI
     BEFORE SHRI S.V. MEHROTRA : ACCOUNTANT MEMBER
                           AND
             SHRI C.M. GARG : JUDICIAL MEMBER

                         ITA Nos. 6265, 6266 & 6267/Del/2012
                         Asstt. Yrs: 2008-09, 2010-11 & 2011-12
Gautam Vedi                           Vs. ACIT Central Circle-1,
H. No. 69A, Sainik Farms,                   New Delhi.
New Delhi.
C/o Kapil Goel Adv.
A-1/25 Sector 15 Rohini, Delhi.
PAN: AACPV 5093 J

                                 AND
                       ITA Nos. 83, 84 & 85/Del/2013
                       Asstt. Yrs: 2008-09, 2010-11 & 2011-12
ACIT Central Circle-1,              Vs. Gautam Vedi
New Delhi.                                New Delhi.

( Appellant )                               ( Respondent )

            Assessee by         :     Shri Kapil Goel Adv.
            Revenue by          :     Shri R.S. gill CIT(DR)

            Date of hearing     :     23-07-2014
            Date of order       :     14-08-2014.

                                ORDER

PER BENCH::

      The captioned cross-appeals, filed by the assessee as well as the
revenue, arise out of separate orders of ld. CIT(A) relating to A.Y. 2008-09,
2009-10 and 2010-11. All these appeals are heard together and disposed of
by a common order for the sake of convenience.
                                       2               ITA 6255 to 6267/D/12 & 83 to 85/D/13
                                                                               Gautam Vedi



2.     Brief facts of the case are that search & seizure operation was carried
out on 2-9-2009 in the group cases of M/s Imperial Auto Industries Ltd.,
Faridabad. A search operation u/s 132(1) was also carried out on 2-9-2009 at
the residential premises of the assessee Shri Gautam Vedi, H. No. 69A,
Sainik Farms, New Delhi. In course of search operation, cash jewellery and
documents/ books were seized and impounded from the residential premises
of the assessee. In response to notice u/s 153A(1), assessee filed returns of
income on 1-11-2011 declaring incomes of Rs. 3,15,040/- (A.Y. 2008-09);
Rs. 9,57,740/- (A.Y. 2009-10); and Rs. 14,35,260/- (A.Y. 2010-11).
Assessments were completed at total incomes of Rs. 1,83,35,090/- (A.Y.
2008-09); Rs. 4,89,78,410/- (A.Y. 2009-10); and Rs. 4,23,82,490/- (A.Y.
2010-11) by making various additions. Ld. CIT(A) partly allowed the
assessee's appeals. Being aggrieved with the orders of ld. CIT(A), both the
assessee and the department are in appeal before us.
3.     Ld. Counsel for the assessee submitted that though the assessee has
got part relief before CIT(A) but in all fairness the maters need to go back to
the assessing officer because the assessee's explanations on various issues
have not duly been considered. He submitted that on the relief allowed by
the ld. CIT(A) also, the matters may be restored back to the file of assessing
officer to consider the assessee's explanations de novo with reference to all
the annexures prepared in course of search proceedings. He, therefore,
submitted that all the appeals may be restored back to the file of assessing
officer.




4.     Ld. CIT(DR) agreed that considering the entirety of facts and
circumstances it would be in the interest of justice that the matters be
restored back to the file of assessing officer. Therefore, as agreed by both the
parties, orders of authorities below for all the three assessment years in
                                      3               ITA 6255 to 6267/D/12 & 83 to 85/D/13
                                                                              Gautam Vedi



question are set aside and the matters are restored to the file of assessing
officer for assessments de novo as per law, after considering assessee's
explanations, including the prayers/ relief claimed as per revised abridged
grounds of appeal dated 5-11-2013 filed before us, by affording reasonable
opportunity of being heard to the assessee. We order accordingly.
5.     In the result, all the appeals preferred by the assessee as well as the
revenue stand allowed for statistical purposes.
Order pronounced in open court on 14-08-2014.




Sd/-                                                Sd/-

( C.M. GARG )                                ( S.V. MEHROTRA )
JUDICIAL MEMBER                              ACCOUNTANT MEMBER

Dated: 14-08-2014.
MP
Copy to :
  1. Assessee
  2. AO
  3. CIT
  4. CIT(A)
  5. DR