DCIT, Kanpur V. M/s. Zazsons Exports Ltd., Kanpur

ITA 219/LKW/2009

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 78519 (ITAT-LUCKNOW)
• Duration Of Justice: 5 year(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-05-2014
• Appeal Filed By: Department
• Bench Allotted: A
• Next Hearing Date: 09-05-2014
• Assessment Year: 2005-2006
• Appeal Filed On: 17-04-2009
• Court: TRIBUNAL
• Assessee Lawyers: R K SHUKLA
• Section: 68

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH A , LUCKNOW BEFORE SHRI S UNIL KUMAR YADAV , JUDICIAL MEMBER AND SHRI. A. K. GARODIA , ACCOUNTANT MEMBER ITA NO. 219/LKW/2009 ASSESSMENT YEAR: 2005 - 06 THE DY. CIT - VI KANPUR V. M/S ZAZSONS EXPORTS LT D. KANPUR PAN: AAACZ0776B (APP ELL ANT) (RESPONDENT) APP ELL ANT BY: SHRI. MANOJ KUMAR GUPTA, CIT (DR) RESPONDENT BY: SHRI. R. K. SHUKLA DATE OF HEARING: 09 05 2014 DATE OF PRONOUNCEMENT: 09 05 2014 ORDER UNDER SECTION 255(4) OF THE INCOME TAX ACT, 2961 PER SUNIL KUMAR YADAV: PURSUANT TO THE ORDER OF THE THIRD MEMBER RELATING TO ADDITION OF RS.10,78,71,656/ - MADE ON ACCOUNT OF SUNDRY CREDITORS UNDER SECTION 68 OF THE INCOME - TAX ACT, 1961 (HEREINAFTER CALLED IN SHORT THE ACT') , THE MAJORITY VIEW O F THE TRIBUNAL IS THAT THE AFORESAID ADDITION MADE UNDER SECTION 68 OF THE ACT IS NOT SUSTAINABLE IN THE EYES OF LAW AND , THEREFORE , THE ORDER OF THE LD. CIT(A) DELETING THE AFORESAID ADDITION IS CONFIRMED. 2 . ACCORDINGLY, THE APPEAL OF THE REVENUE ON THIS ISSUE STANDS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 9.5.2014 AT THE TIME OF CONCLUSION OF HEARING. SD/ - SD/ - [ A. K. GARODIA ] [ S UNIL KUMAR Y ADAV ] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 9 TH MAY , 2014 JJ: 0905 PRINT TO PDF WITHOUT THIS MESSAGE BY PURCHASING NOVAPDF ( HTTP://WWW.NOVAPDF.COM/ ) : - 2 - : COPY FORWARDED TO: 1 . APPELL ANT 2 . RESPONDENT 3 . CIT(A) 4 . CIT 5 . DR ASSISTANT REGISTRAR PRINT TO PDF WITHOUT THIS MESSAGE BY PURCHASING NOVAPDF ( HTTP://WWW.NOVAPDF.COM/ )