BHUWALKA SALES CORPORATION,BANGALORE vs. ACIT, BANGALORE
In the result, the assessee's appeal for Assessment Year 2009-10 is treated as allowed for statistical purposes
ITA 1436/BANG/2013[2009-10]Status: DisposedITAT Bangalore01 Apr 2015AY 2009-10
Bench: Smt. P. Madhavi Devi & Shri Jason P. Boazi.T. A. No.1436/Bang/2013 (Assessment Year : 2009-10) M/S. Bhuwalka Sales Corporation, No.5, Walker Lane, Bhuwalka Landmark, Langford Road, Richmond Town, Bangalore-560 025 …. Appellant. Pan Aaifb 0063G Vs. Asst. Commissioner Of Income Tax, Circle 1(1), Bangalore. ….. Respondent. Appellant By : Shri K. Seshadri, C.A. Respondent By : Shri P. Dhivahar, Jcit (D.R). Date Of Hearing : 2.2.2015. Date Of Pronouncement : 1.4.2015. O R D E R Per Shri Jason P. Boaz, A.M. : This Appeal By The Assessee Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals)-I, Bangalore Dt.12.8.2013 For Assessment Year 2009-10. 2. The Facts Of The Case, Briefly, Are As Under :- 2.1 The Assessee, In The Business Of Trading In Rolled Products, Filed The Return Of Income For Assessment Year 2009-10 On 26.9.2009 Declaring Income Of Rs.49,25,026. The Return Was Processed Under Section 143(1) Of The Income Tax Act, 1961 (In Short 'The Act') & The Case Was Taken Up For Scrutiny. The Assessment Was Completed Under Section 143(3) Of The Act Vide
For Appellant: Shri K. Seshadri, C.AFor Respondent: Shri P. Dhivahar, JCIT (D.R)
Section 143(1)Section 143(3)Section 2(22)(e)Section 251(1)(a)Section 68
34) of the Act since it was not subjected to tax as per the provisions of section 115-
O of the Act.
3.4.2 On appeal, before the learned CIT(A), the assessee came up with additional evidence and a new claim that the cheque of Rs.1.25 Crores received from M/s. Deccan Alloys Pvt. Ltd.
dt.27.12.2008 was not encashed
