M/S. AKSHAY ECO ENERGY CORPORATION PVT. LTD. , JAIPUR V. ITO, WARD-7(3), JAIPUR

ITA 101/JPR/2020

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3221 (ITAT-JAIPUR)
• Duration Of Justice: 9 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-11-2020
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 23-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: CHANCHAL MEENA CIT DHK
• Assessee Lawyers: C L YADAV
• Section: 68

Judgement Text

VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES B, JAIPUR JH LANHI XLKA] U;KF;D LNL; ,OA JH FOE FLAG ;KNO ] YS[KK LNL; DS LE{K BEFORE SHRI SANDEEP GOSAIN, JM & SHRI VIKRAM SINGH YADAV, AM VK;DJ VIHY LA-@ ITA NO. 101/JP/2020 ASSESSMENT YEAR: 2014-15 M/S AKSHAY ECO ENERGY CORPORATION PRIVATE LIMITED, C/O-C L YADAV & ASSOCIATES, 320, CITY CENTER, S.C. ROAD, JAIPUR- 302001. C UKE VS. I.T.O. WARD 7(3), JAIPUR. PAN NO.: AALCA 0923 C VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT FU/KZKFJRH DH VKSJ LS@ ASSESSEE BY : SHRI C.L. YADAV (CA) JKTLO DH VKSJ LS@ REVENUE BY : MS. CHANCHAL MEENA (ADDL.CIT) LQUOKBZ DH RKJH[K@ DATE OF HEARING : 21/10/2020 MN?KKS'K.KK DH RKJH[K @ DATE OF PRONOUNCEMENT : 09/11/2020 VKNS'K@ ORDER PER: SANDEEP GOSAIN, J.M. THE PRESENT APPEAL HAS BEEN FILED BY THE ASSESSEE A GAINST THE ORDER OF THE LD. CIT(A)-3, JAIPUR DATED 08/11/2019 FOR TH E A.Y. 2014-15, WHEREIN THE ASSESSEE HAS RAISED FOLLOWING GROUNDS OF APPEAL: 1. THAT IN THE FACTS AND CIRCUMSTANCES OF THE CASE AND IN LAW, THE LD CIT(A) ERRED IN CONFIRMING THE ACTION OF LD. AO OF MAKING ADDITION U/S 68 OF THE ACT TO THE EXTENT OF RS. 44,00,000/-. THE ACTION OF THE LD. CIT(A) IS ILLEGAL, UNJUSTIFIED AND ARBITRARY AN D AGAINST THE FACTS OF THE CASE. RELIEF MAY PLEASE BE GRANTED BY DELETI NG THE SAID ADDITION OF RS. 44,00,000/-. 2. THAT ON THE FACTS AND CIRCUMSTANCES OF THE CASE, THE LD. CIT(A) ERRED IN VALIDATING THE ACTION OF THE LD. A.O. WHER E THE LD. A.O. HAS