DCIT, NEW DELHI vs. M/S. SHEETAL INTERNATIONAL PVT. LTD., NEW DELHI
In the result, the appeal of the Revenue and C
ITA 1786/DEL/2013[2005-06]Status: DisposedITAT Delhi30 Nov 2016AY 2005-06
Bench: Smt. Diva Singh & Shri A. N. Mishraassessment Year : 2005-06 Dcit, Central Circle-2, Sheetal International Pvt. Ltd., G-81/A, 2Nd Floor, Vijay Chowk, New Delhi Vs. Laxmi Nagar, New Delhi. Pan : Aaacs 3368 N (Appellant) (Respondent) C.O. No.134/Del/2013 (In Ita No.1786/Del/2013) Assessment Year : 2005-06 Sheetal International Pvt. Ltd., Dcit, Central Circle-2, G-81/A, 2Nd Floor, Vijay Chowk, Vs. New Delhi Laxmi Nagar, New Delhi. Pan : Aaacs 3368 N (Appellant) (Respondent) : Department By Shri S. S. Rana, Cit-Dr Assessee By : Shri Ashu Golal, Ca Date Of Hearing : 21-11-2016 Date Of Pronouncement : 30-11-2016 O R D E R Per Diva Singh, J.M. : The Captioned Appeal Filed By The Revenue Is Against The Order Of Cit(A)-Iii, New Delhi Dated 14.01.2013 Pertaining To Assessment Year 2005-06 Passed Under Section 153C/143(3) Of The Income-Tax Act, 1961 (In Short “The Act”). The Assessee Has Also Filed Cross Objection Against The Appeal Of The Revenue. 2. Both The Appeal & Cross Objection Relating To The Assessee Emanating From The Same Assessment Year Are Being Disposed Of By This Consolidated Order.
For Appellant: Shri Ashu Golal, CA
Section 153CSection 268ASection 68
68 of the Income Tax Act, 1961. 2. On the facts and in the circumstances of the case, the CIT(A) has erred in not appreciating the facts of the case that the assessee had not discharged its onus of providing the genuineness and creditworthiness of the transaction, as no copy of ITR and bank statement was provided except confirmation
