ITO, NEW DELHI vs. M/S. DWARKA IMPEX PVT. LTD., NEW DELHI
ITA 2440/DEL/2017[2008-09]Status: DisposedITAT Delhi26 Apr 2019AY 2008-09
Bench: Shri R.K. Panda & Shri Kuldip Singh
For Appellant: Shri V.P. Gupta, AdvocateFor Respondent: Ms. Nidhi Srivastava, CIT DR
Section 68
…TA No.1565 TO 1569/Del./2017 ITA No.2436 TO 2440/Del./2017 ITA No.484/Del./2015 ITA No.6516/Del./2015 ITA No.6710/Del./2016 Reliance in this regard is placed upon the decision rendered by Hon’ble Punjab and Haryana High Court in Kartar Singh vs. CIT – (1978) 111 ITR 184 (P&H). 18. Hon’ble Supreme Court in case of Mcorp Global P. Ltd. vs. CIT – (2009) 309 ITR 434 (SC) also decided the identical issue in favour of the assessee by returning following findings :- “6. In the case of Hukumchand Mills Ltd. v. CIT reported in [1967] 63 ITR 232 this court has held that under section 33(4) of the Income-tax Act, 1922 (…