Back
INCOME TAX APPELLATE TRIBUNAL (MUMBAI BENCH)
SHRI AMIT SHUKLA, J, SHRI PRABHASH SHANKAR, A.M.
Deputy Commissioner of Income Tax – Appellant
Versus
Varsha Enterprises – Respondent
| Table of Content |
|---|
| 1. cit(a) decision on deletion of addition lacked evidence. (Para 1 , 4 , 5) |
| 2. revenue's reliance on speculative pricing unsubstantiated. (Para 2) |
| 3. (Para 6 , 7 , 8) |
| 4. final decision upheld cit(a) findings; appeal dismissed. (Para 9 , 10) |
आदेश/ORDER
PER PRABHASH SHANKAR [A.M.] :-
The present appeal arising from the appellate order dated 24.01.2025 is filed by the Revenue against the order passed by the Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre, Delhi [hereinafter referred to as “CIT(A)”] pertaining to assessment order passed u/s 144 of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 28.03.2014 for the Assessment Year [A.Y.] 2011-12.
2. The grounds of appeal are as under:-
(i) On the facts and circumstances of the case and in law, the CIT(NFAC) has erred in not following the direction of the ITAT to decide the issue of addition of Rs.2.41,26,879/- being unaccounted sale received by the assessee, afresh after controverting the findings recorded by AO.
(ii) On the facts and circumstances of the case and in law, the CIT(NFAC) has erred in deciding the issue of addition of Rs. 2,41,26,879/- being unaccounted sale received
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
