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I.T.A. No. 1080/Ahd/2011, (Assessment Year: 2007-2008). Case: The ITO Vs Karnavati Engineering Ltd.. ITAT (Income Tax Appellate Tribunal)

Judgment Cited in Precedent Map Related
Case NumberI.T.A. No. 1080/Ahd/2011, (Assessment Year: 2007-2008)
CounselFor Appellant: P.L. Kureel, Sr. DR and For Respondents: S.N. Soparkar and Parin Shah, ARs
JudgesAnil Chaturvedi, Member (A) and Kul Bharat, Member (J)
IssueIncome Tax Act, 1961 - Sections 143(3), 36(1)(vii)
Judgement DateMonday June 30, 2014
CourtITAT (Income Tax Appellate Tribunal)

Order:

Kul Bharat, Member (J), (ITAT Ahmedabad 'B' Bench)

  1. This appeal by the Revenue is directed against the order of the Ld. Commissioner of Income Tax(Appeals)-VIII, Ahmedabad ('CIT(A)' in short) dated 25/01/2011 pertaining to Assessment Year (AY) 2007-08. The Revenue has raised the following grounds of appeal:-

  2. The ld. CIT(A)-VIII, Ahmedabad has erred in law and on facts in deleting the disallowance of Rs. 10,77,651/- made by the A.O. on account of claim of bad debts, without properly appreciating the facts of the case and the material brought on record by the Assessing Officer.

  3. The ld. CIT(A) has erred in law and on facts in deleting the disallowance of Rs. 2,50,719/- out of disallowance of Rs. 4,80,020/- made by the Assessing Officer on account of prior period expenses, without properly appreciating the facts of the case and the material brought on record by the Assessing Officer.

  4. On the facts and in the circumstances of the case, the learned CIT(A) ought to have upheld the decision of the Assessing Officer.

  5. It is, therefore, prayed that the orders of the Ld. CIT(A) may be set aside and that of the Assessing Officer may be restored to the above extent.

  6. Briefly stated facts are that the case of the assessee was picked up for scrutiny assessment and the assessment u/s. 143(3) of the Income Tax Act, 1961 (hereinafter referred to as "the Act") was framed vide order dated...

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