SHETKARI SOLVENT (INDIA) LIMITED,NAGPUR vs. ACIT C.C. 1(1), NAGPUR
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 137/NAG/2012[2007-08]Status: DisposedITAT Nagpur27 Mar 2019AY 2007-08
Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.137/Nag/2012 िनधा"रण वष" / Assessment Year : 2007–08 Shetkari Solvent (India) Ltd., Ug–7&8, Jagat Chambers, Near Ambedkar Sqr, Central Avenue, Bagadganj, Nagpur–440008. .......अपीलाथ" / Appellant Pan : Aabcs0105N बनाम / V/S. Acit, Central Circle–1(1), ……""यथ" / Respondent Nagpur. Assessee By : Shri Abhay Agarwal, Adv. Revenue By : Shri U. U. Kasar, Dr सुनवाई क" तारीख / Date Of Hearing : 26.03.2019 घोषणा क" तारीख / Date Of Pronouncement : 27.03.2019 आदेश / Order Per D. Karunakara Rao, Am: This Appeal Is Filed By The Assessee Against The Order Of Cit(A)-1, Nagpur Dated 11.01.2012 For The Assessment Year 2007-08. 2. The Revised Grounds Raised By The Assessee Are As Under :– “1. That The Learned Cit(A) Erred In Confirming The Addition Of Rs.5,79,60,000 On Account Of Alleged Bogus Purchases Of Soya Doc
For Appellant: Shri Abhay Agarwal, AdvFor Respondent: Shri U. U. Kasar, DR
Section 139Section 153C
penalty proceedings u/s 271(1)(c) of the Act are separately initiated, for concealment and furnishing of inaccurate particulars in respect of income chargeable to tax.”
5. Aggrieved with the same, the assessee filed an appeal before the CIT(A). On this issue, the CIT(A) recorded the reasoning in para 7 of her order and upheld the views
