I.T.A. No. 1080/Ahd/2011, (Assessment Year: 2007-2008). Case: The ITO Vs Karnavati Engineering Ltd.. ITAT (Income Tax Appellate Tribunal)
| Case Number | I.T.A. No. 1080/Ahd/2011, (Assessment Year: 2007-2008) |
| Counsel | For Appellant: P.L. Kureel, Sr. DR and For Respondents: S.N. Soparkar and Parin Shah, ARs |
| Judges | Anil Chaturvedi, Member (A) and Kul Bharat, Member (J) |
| Issue | Income Tax Act, 1961 - Sections 143(3), 36(1)(vii) |
| Judgement Date | Monday June 30, 2014 |
| Court | ITAT (Income Tax Appellate Tribunal) |
Order:
Kul Bharat, Member (J), (ITAT Ahmedabad 'B' Bench)
-
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:-
-
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.
-
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.
-
On the facts and in the circumstances of the case, the learned CIT(A) ought to have upheld the decision of the Assessing Officer.
-
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.
-
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...
Get this document and AI-powered insights with a free trial of vLex and Vincent AI
Get Started for FreeUnlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations