DCIT, NEW DELHI vs. M/S. AMRAPALI SILICON CITY PVT. LTD., NOIDA

O R D E R PER PRASHANT MAHARISHI, A. M. 1. This appeal is filed by the revenue against order of the learners CIT(A), New Delhi dated 16/06/2014 for Assessment Year 2011-12 raising following grounds of appeal:- “1. The order of Ld. CIT (A) is not correct in law and facts.

2. On the facts and circumstances of the case the Ld. CIT (A) has erred in deleting the addition of Rs.34,36,105/- made by AO on account of Sale of scrap.

3. On the facts and circumstances of the case the Ld. CIT (A) has erred in deleting the addition of Rs.39,31,992/- made by AO on account of interest on fixed deposit.

4. On the facts and circumstances of the case the Ld. CIT (A) has erred in deleting the addition of Rs.2,00,00,000/- made by AO on account of bogus purchases which were capitalized.”

2. The above company is undergoing insolvency proceedings u/s 7 of the Insolvency and Bankruptcy Act, 2016 vide order dated 04/09/2017 passed by the National Company Law Tribunal, New Delhi principal bench. The petition of the corporate creditor is admitted and IRP has been appointed. As per para 23 of the order the moratorium under section 14A Page | 1