ITO, NEW DELHI vs M/S. KANODIA PHARMACEUTICALS PVT. LTD., NEW DELHI

Income Tax Appellate Tribunal, [ DELHI BENCH “F”, NEW DELHI ]

Before: SMT. BEENA A. PILLAIDR. B.R.R. KUMAR

For Appellant: Shri Kapil Goel, Advocate

For Respondent: Shri. Surender Pal, Sr. DR

per the balance sheet. Further the payments were treated as receipts. No primary independent enquiry has been conducted by the Assessing Officer which goes to prove that this is a case of non-application of mind by the Assessing Officer.

Hence keeping in view the entirety of the facts and circumstances of the case and the propounded legal propositions, we hereby confirm the order of the Ld. CIT(A). Any decision on the merits of the case would be only be academic in nature and hence not being adjudicated.

As a result appeal of the Revenue is dismissed.

Order pronounced on the open court on 22/01/2019.

Sd/- Sd/- (BEENA A. PILLAI) (DR. B.R.R. KUMAR) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: 22/01/2019 Bidhan

ITO, NEW DELHI vs. M/S. KANODIA PHARMACEUTICALS PVT. LTD., NEW DELHI