DCIT 12(1)(2), MUMBAI vs. BILLETS ELECTRO WEREKE LTD, MUMBAI

सुनवाई की तायीख / Date of Hearing : 06.09.2016 घोषणा की तायीख /Date of Pronouncement : 06.09.2016 आदेश / O R D E R PER D. KARUNAKARA RAO, AM: There are two appeals under consideration pertaining to assessment years 2008-09 and 2009-10. Both these appeals are filed by the Revenue against the orders of the CIT (A)-19, Mumbai commonly dated 13.11.2014. Considering the low tax effect involved in these appeals, they are clubbed, heard combinedly and disposed off in this consolidated order. “Grounds raised in appeal read as under:- Whether on the facts and in the circumstances of the case and in law, the Ld CIT (A) was right in deleting the addition made u/s 69C of the Act to the tune of Rs. 19,17,638/- on account of non-genuine transactions made with three vendors viz M/s. Industrial Trading Co., M/s. United Traders & Manufacturers, and M/s. Nilesh Enterprises.

2. Whether on the facts and in the circumstances of the case and in law, the Ld CIT (A) erred in holding that the identities of the parties is established and the transaction is genuine ignoring the fact that the documents submitted in response to the notices u/.s 133(6) of the Act were neither duly signed nor was the company seal affixed on these documents by the above parties.

3. Whether on the facts and in the circumstances, the Ld CIT (A) erred in allowing the appeal of the assessee-company after ignoring the fact that these three vendors did