GBS MARKETING PVT LTD.,DELHI vs. ITO,WARD-10(1), DELHI
Income Tax Appellate Tribunal, DELHI BENCH ‘SMC’, NEW DELHI
Before: Sh. Satbeer Singh Godara
This assessee’s appeal for Assessment Year 2008-09, arises against the CIT(A)/NFAC, Delhi’s DIN & order No.
ITBA/NFAC/S/250/2024-25/1067767980(1) dated 20.08.2024, in proceedings u/s 271(1)(c) of the Income Tax Act, 1961 (in short “the Act”).
Heard both the parties at length. Case file perused.
It emerges at the outset that the earlier learned co- ordinate bench in assessee’s appeal ITA No. 5366/Del/2019 decided on 07.03.2022 has already deleted the corresponding quantum addition of Rs.50,00,000/- representing section 68 265 ITR 562 (SC). The assessee’s instant appeal succeeds for this precise reason alone.
This assessee’s appeal is allowed. Order Pronounced in the Open Court on 07/01/2025. (Satbeer Singh Godara)
Judicial Member
Dated: 07/01/2025
*Subodh Kumar, Sr. PS*