M/S. VEEPEE PLASTICS PVT.LTD,,PUNE vs. INCOME-TAX OFFICER, WARD - 13(5),, PUNE

PER SUSHMA CHOWLA, JM:

The appeal filed by assessee is against the order of CIT(A), Pune-5, Pune, dated 24.04.2018 relating to assessment year 2013-14 against order passed under section 143(3) of the Income-tax Act, 1961 (in short ‘the Act’).

ITA No.1200/PUN/2018 2

had also made oral submissions and had merely sought time to file written submissions in view of pressure of work. The appellant pleads that the CIT(A) erred in relying on case law not applicable to the facts of the appellants case and in dismissing the appeal ex-parte. It is prayed that the appeal filed before the CIT(A) be restored and be directed to be heard by the CIT(A) in accordance with law. 2. Without prejudice to the above, the appellant prays that the CIT(A) ought to have considered individual grounds of appeal on merits and allowed relief due as per law. 3. The appellant pleads that the Hon. I.T.A.T. dispose of the appeal on merits by considering individual grounds of appeal filed before the CIT(A) as under- 3.1 The AO erred in disallowing claim for indexed cost of improvement Rs.40,98,146 incurred towards electrical installations and MSEB deposits on grounds that evidence in the form of bills were not produced. The appellant pleads that its claim was supported by sufficient documentary evidence and that the disallowance made by the AO is not justified. 3.2 Without prejudice, the AO ought to have considered the carried forward loss of AY 2012-13 and set off the same while computing total income. The appellant pleads for directions to set off the said loss in computing total income for the year. The appellant pleads that the action of the AO is not as per provisions of law and is invalid.