ITO, Ludhiana V. M/s Arora Alloys Ltd., Ludhiana

ITA 546/CHANDI/2012

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 60926 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-07-2012
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2007-2008
• Appeal Filed On: 11-05-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MANJIT SINGH
• Section: 148

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCH A CHANDIGARH BEFORE SHRI T.R. SOOD, AM AND MS. SUSHMA CHOWLA, JM ITA NO. 545, 546 & 547/CHD/2012 ASSESSMENT YEARS: 2006-07, 2007-08 & 2009-10 I.T.O. WARD 1 (1) V M/S ARORA ALLOYS LTD., LUDHIANA NEAR PHASE VII FOCAL POINT, LUDHIANA AABCA 5309 C (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI MANJIT SINGH RESPONDENT BY: SHRI ASHOK GOYAL DATE OF HEARING: 27.06.2012 DATE OF PRONOUNCEMENT: 06.07.2012 ORDER PER T.R. SOOD, A.M THESE APPEALS ARE FILED BY THE REVENUE IN A.Y 2006- 07. ONLY DISPUTE IS REGARDING DELETION OF ADDITION ON ACCOUNT OF UNEXP LAINED SALES IN A.Y 2007-08 AND 2008-09 AND 2009-10. FURTHER DISPUTE REGARDING UNEXPLAINED PURCHASES HAVE ALSO BEEN RAISED. 2. THE BRIEF FACTS ARE THAT DURING 2006-07 AND 2007 -08 A NOTICE U/S 148 WAS ISSUED BECAUSE THE ASSESSING OFFICER RECEIVED INFOR MATION THAT EXCISE AUTHORITIES HAVE MADE INSPECTION OF THE PREMISES OF THE ASSESSEE AND FOUND THAT THE ASSESSEE HAD INCREASED THE CAPACITY OF THE FURNACE MILL FROM 4 MT TO 5 MT W.E.F. DECEMBER 2003. IT WAS ADMITTED BY SHRI H ARMESH ARORA ON INSPECTION ON 25.3.2004 THAT THE CAPACITY WAS INCRE ASED FROM 4 MT TO 5 MT IN THE RESULT, APPEALS FILED BY THE REVENUE ARE ORDER PRONOUNCED ON 06.07. 2012 SD/- SD/- (SUSHMA CHOWLA) (T.R. SOOD) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 06.07.2012 SURESH 2 COPY TO: THE APPELLANT/THE RESPONDENT/THE CIT/THE C IT(A)/ THE DR