STEEL ABRASIVE INDUSTRIES LTD., RAIPUR,RAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAIPUR, RAIPUR
In the result, appeal of the assessee is dismissed in terms of our aforesaid observations
ITA 96/RPR/2023[2011-12]Status: DisposedITAT Raipur10 Oct 2023AY 2011-12
Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.96/Rpr/2023 "नधा"रण वष" /Assessment Year: 2011-12 Steel Abrasive Industries Ltd. Vs The Deputy Commissioner Of Income 301, Shyam Square Second Floor, Tax, Circle-2(1), Raipur (C.G.) Pandri, Raipur, Raipur-H.O, Raipur-492 001 Pan: Aagcs7905P (अपीलाथ" /Appellant) .. (""यथ" / Respondent) "नधा"रती क" ओर से /Assessee By : Shri R.B Doshi, Ca राज"व क" ओर से /Revenue By : Shri Satya Prakash Sharma, Sr. Dr सुनवाई क" तार"ख / Date Of Hearing : 26/09/2023 घोषणा क" तार"ख/Date Of Pronouncement : 10/10/2023 आदेश / O R D E R Per Arun Khodpia, Am : The Captioned Appeal Is Filed By The Assessee Against The Order Passed By The Ld. Commissioner Of Income Tax (Appeals), Nfac, Delhi, Dated 17.01.2023 Which In Turn Arises From The Order By Ld. Assessing Officer U/S 143(3) R.W.S. 263 Dated 30.09.2016 For A.Y.2011-12. The Grounds Of The Appeal Raised By The Assessee Are As Under: “1. Ld. Cit (Appeals) Has Erred In Confirming Addition Of Rs.1,13,20,940/- Made By Ao, On Account Of Alleged Suppression Of Production Of 467.32Mt. Ld. Cit(A) Erred In Upholding The Action Of Ao In Rejecting Rectification Application Filed By The Appellant. 2. The Impugned Addition Made By The Ld. A.O. Is Bad In Law, Illegal, Unjustified, Contrary To Facts & Law & Based Upon Recording Of Incorrect Facts & Finding, In Violation Of Principles Of Natural Justice & The Same Should Have Been Quashed By The Ld. Cit (Appeals). 3. The Appellant Reserves The Right To Amend, Modify Or Add Any Of The Ground/S Of Appeal.”
For Appellant: Shri R.B Doshi, CAFor Respondent: Shri Satya Prakash Sharma, Sr. DR
Section 143(2)Section 143(3)Section 154Section 263
section 263 of the Act was issued.
During the course of hearing in proceedings u/s 263, assessee have once again produced the relevant details. In respect of quantities details assessee submitted, principal item details in main report and remaining items are given in enclosed Annexure with 3CD report. As per assessee, in proceeding assessee have reconciled each and every item
