M/s. Gratings (India) Private Ltd., C 2/20, Safdarjung Dev. Area, New Delhi 110 016. Vs. ITO, Ward 12 (2), New Delhi.
September, 22nd 2014
IN THE INCOME TAX APPELLATE TRIBUNAL
(DELHI BENCH `C' : NEW DELHI)
BEFORE SHRI I.C. SUDHIR, JUDICIAL MEMBER
SHRI B.C. MEENA, ACCOUNTANT MEMBER
(Assessment Year : 2006-07)
M/s. Gratings (India) Private Ltd., vs. ITO, Ward 12 (2),
C 2/20, Safdarjung Dev. Area, New Delhi.
New Delhi 110 016.
(PAN : AAACG3520A)
Assessee by : Shri Satish Khosla, Advocate
Revenue by : Shri Satpal Singh, Senior DR
PER B.C. MEENA, ACCOUNTANT MEMBER :
This appeal filed by the assessee emanates from the order of CIT
(Appeals)-VIII, New Delhi dated 09.07.2012 for the Assessment Year
2. The grounds of appeal taken by the assessee read as under :-
"1. That the Ld. CIT (A) erred in not admitting the
additional evidences filed before him.
1(a) That the Ld. CIT (A) ought to have appreciated that
in the books of account credit was inadvertently shown in
the name of the sister of the Director (Mrs. Inshiya Sheikh)
whereas it represented credit from her husband, Shri Asad
Ul Islam Sayed.
2 ITA No.5184/Del/2012
2. The Ld. CIT (A) erred in confirming the addition of
Rs.12 lacs u/s. 68 of the I.T. Act, 1961.
3. The assessee has submitted an application under Rule 29 of the
Income-tax Rules, 1962.
4. We have heard both the sides on the issue. In our considered view,
we hold that in the interest of justice and equity, the admission of
additional evidences is necessary. Therefore, we admit these additional
evidences which were not admitted by the CIT (A). After admitting these
additional evidences, we remit the issues to the file of the CIT (A) to be
decided afresh after considering these additional evidences which have
been admitted after providing an opportunity of being heard to the
5. In the result, the appeal of the assessee is allowed for statistical
Order pronounced in open court on this 16th day of September, 2014.
(I.C. SUDHIR) (B.C. MEENA)
JUDICIAL MEMBER ACCOUNTANT MEMBER
Dated the 16th day of September, 2014
3 ITA No.5184/Del/2012
Copy forwarded to:
4.CIT(A)-VIII, New Delhi.
5.CIT(ITAT), New Delhi. AR/ITAT