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Income Tax Appellate Tribunal, DELHI BENCH ‘G’ : NEW DELHI
Before: SHRI KULDIP SINGH & Dr. B.R.R. KUMAR
PER KULDIP SINGH, JUDICIAL MEMBER : The appellant S.S.Digital Point Pvt. Ltd., Delhi (hereinafter referred to as 'the assessee’) by filing the aforesaid appeal, sought to set aside the impugned order dated 09/11/2016 passed by Ld. Commissioner of Income Tax(Appeals)-17, New Delhi qua the Assessment Year 2012-13 on the grounds inter alia that : 1. “Because the action is under challenge on facts & law since the findings recorded qua appeal dismissal is in violation to the principles of natural & substantial justice for a decision in accordance with law.
Because the action is being challenged on facts & law, for upholding the addition of Rs. 39,69,861 for not substantiating
the claims of creditors/credit balances & treating the same as unexplained income from undisclosed sources. 3. Because the action is being challenged on facts & law, for making the addition amounting Rs. 3,150/- on account of interest received u/s 244A. PRAYER For any consequential relief and/ or legal claim arising out of this appeal and for any addition, deletion, amendment and modification in the grounds of appeal before the disposal of the same in the interest of substantial justice to the assessee.”
4. Briefly stated the facts necessary for adjudication of the controversy at hand are : assessee company is into business of Digital Printing and Digital Fabrication. Assessing Officer made addition of Rs. 39,69,861/- and Rs. 3510/- on account of disallowances of expenses and framed the assessment at Rs. 57,77,010/- u/s 143(3)/ 144 of the Income Tax Act.
5. Assessee carried the matter before Ld. CIT(A) by way of filing the appeal before Ld. CIT(A) who has dismissed appeal ex parte. Feeling aggrieved the assessee has come up before the Tribunal by way of filing the present appeal.
We have heard the ld. Authorized Representatives of the parties to the appeal, gone through the documents relied upon and orders passed by the revenue authorities below in the light of the facts and circumstances of the case.