Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (2) TMI 463 - ITAT DELHIDeduction claimed u/s 10A of the Act – Form No. 56F not furnished – Held that:- The assessee has furnished all the details in support of its claim of deduction u/s. 10A before the Assessing Officer and the only reason given by the Assessing Officer in the assessment order for non-allowing of the claim was the non-furnishing of Form 56F - The same Form was admitted by the Commissioner of Income Tax (A) in the appellate proceedings – thus, there was no infirmity in the order of the CIT(A) – Decided against Revenue. Addition made on account of depreciation – Held that:- The Assessing Officer has inter-alia noted that the bills of contractors for the construction were not produced before him - There is nothing on record to show that these submissions of the assessee were put before the Assessing Officer - the Assessing Officer has noted that assessee has not produced any bill of contractor for construction - interest of justice demands in the case that Assessing Officer be given an opportunity to go through these bills and satisfy himself about the veracity of the same – the matter remitted back to the AO for fresh adjudication. Deletion of addition on account of unexplained sundry creditors - The Assessing Officer in this regard has noted that assessee has failed to produce the confirmation certificate from sundry creditors – it was not produced before the CIT(A) - the addition on account of sundry creditors was unjustified - Commissioner of Income Tax (A) has erred in this regard - Assessing Officer wanted to examine the sundry creditors - But the assessee did not provide the confirmation certificate - CIT (A) has not himself made the verification - the veracity of sundry creditors is not established – the matter remitted back to the AO for fresh adjudication – Decided in favour of Revenue.
|