Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, —
Before: SHRI PRASHANT MAHARISHI, AM & SHRI
01 . These are the two apeals filed by the Income Tax Oficer Ward 13 (2)(3) , Mumbai for A.Y. 209 - 10 and 2010 - in case of Shivan Giri Stel Ltd, (asese / apelant ) involving comon grounds of apeal and therefore , same are disposed of by this comon order.
02 . um /2023 is filed for A. Y. 209 - 10 against the apelate order pased by the National Faceles Apeal Centre, New Delhi [ the learned CIT (A)] for A.Y. 209 - 10, th March, dated 27 2023 wherein the apeal filed by the th March, asese against the asesment order dated 29 03 . The learned asesing oficer is agrieved with the apelate order and therefore has prefered this apeal sing folowing grounds of apeal: - —1. Whether on the facts an d the circumstances of the case, the Ld. CIT (A) is corect in deleting the adition of Rs. 20,38,25,780/ - made u/s 69 of the I. T. Act, 1961 being total of al the credit entries in bank acounts undisclosed credit without apreciating the fact that th e asese company failed to produce cogent evidences in suport of credit entries in Bank Acounts.
Whether on the facts and the circumstances of the case, the ld. CIT (A) has ered in deciding the isue of credit entries in banks based on the submisions made by the asese without afording an oportunity to the AO by way of remand procedings.
Whether on the facts and the circumstances of the case, the Ld.CIT(A) is corect in deciding the isue of credit entries in banks without examining /verifying the same at his end, in the course of acording relief to the asese.
Whether on the facts and the circumstances of the case, the Ld. CIT(A) is corect in deleting the adition of Rs. 20,38,25,780/ - , inspite of the fact that the asese by his own admision has stated that the transactions of purchases and sales recorded in the