Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: cpt :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: articles on VAT and GST in India :: due date for vat payment :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ACCOUNTING STANDARD
 
 
From the Courts »
  Vatsala Shenoy vs. JCIT (Supreme Court)
  Vatsala Shenoy vs. JCIT (Supreme Court)
 M.K.Overseas Pvt. Ltd. Vs. Pr.Commissioner Of Income Tax-06
 Arshia Ahmed Qureshi Vs. Pr. Commissioner Of Income Tax-21
 CHAUDHARY SKIN TRADING COMPANY Vs. PR. COMMISSIONER OF INCOME TAX-21
  Sushila Devi vs. CIT (Delhi High Court)
  Vatsala Shenoy vs. JCIT (Supreme Court)
 Deputy Director Of Income Tax Vs. Virage Logic International
 Commissioner Of Income Tax-3 International Taxation Vs. Virage Logic International India
 Pr. Commissioner Of Income Tax-06 Vs. Moderate Leasing And Capital Services Pvt. Ltd.
 ITO vs. Vikram A. Pradhan (ITAT Mumbai)

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
                            and
         SHRI B.C. MEENA, ACCOUNTANT MEMBER

                        ITA No.5184/Del./2012
                      (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)

       (Appellant)                                 (Respondent)

               Assessee by : Shri Satish Khosla, Advocate
               Revenue by : Shri Satpal Singh, Senior DR

                                      ORDER

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

2006-07.

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

assessee.

5.    In the result, the appeal of the assessee is allowed for statistical

purposes.




Order pronounced in open court on this 16th day of September, 2014.



              Sd/-                                   sd/-
        (I.C. SUDHIR)                          (B.C. MEENA)
      JUDICIAL MEMBER                     ACCOUNTANT MEMBER


Dated the 16th day of September, 2014
TS
                                 3   ITA No.5184/Del/2012



Copy forwarded to:
     1.Appellant
     2.Respondent
     3.CIT
     4.CIT(A)-VIII, New Delhi.
     5.CIT(ITAT), New Delhi.                   AR/ITAT

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions