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Income Tax Appellate Tribunal, DELHI BENCH : E : NEW DELHI
Before: SHRI R.S. SYAL, AM & MS SUCHITRA KAMBLE, JM
(Appellant) (Respondent) Appellant by : Shri Rajesh Kumar, Sr. DR Respondent by: Shri Sunil Jain, FCA Date of Hearing : 23.03.2017 Date of Pronouncement: 23.03.2017 ORDER
PER SHRI R.S. SYAL, AM:
This appeal by the Revenue is directed against the order passed by the CIT(A) on 23.04.2015 in relation to the Assessment Year 2008-09.
The only issue raised in this appeal by the Revenue is against the deletion of addition of Rs.41,12,950/- made by the Assessing Officer on account of sundry creditors.
Shorn of unnecessary details, it is observed that the assessment order passed u/s 143(3) was revised by the ld. CIT u/s 263 of the Act. Pursuant to such order, the Assessing Officer passed the instant order making an addition of Rs.41,12,950/-. The ld.CIT(A) noticed that the order passed u/s 263 was set aside by the Tribunal and, as such, no addition can be made.