PYARE LAL NIRANJAN LAL & CO., Alwar V. ITO, Alwar

ITA 940/JPR/2013

• Counselvise Citation: 94023114 RSA 2013
• Duration Of Justice: 2 year(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-12-2015
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Assessment Year: 2009-2010
• Appeal Filed On: 02-12-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAJ MEHRA JCIT DR DHK

Judgement Text

VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES (SMC), JAIPUR JH VKJ-IH-RKSYKUH] U;KF;D LNL; DS LE{K BEFORE: SHRI R.P. TOLANI, JUDICIAL MEMBER VK;DJ VIHY LA-@ ITA NO. 940/JP/2013 FU/KZKJ.K O'K Z@ ASSESSMENT YEAR : 2009-10 M/S. PYARE LAL NIRANAJAN LAL & CO. F-10, KRISHI UPAJ MANDI, ALWAR CUKE VS. THE ITO WARD- 2 (3) ALWAR LFKK;H YS[KK LA-@THVKBZVKJ LA-@ PAN/GIR NO.: AADFP 3170 B VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT FU/KZKFJRH DH VKSJ LS@ ASSESSEE BY : SHRI P.C. PARWAL , CA JKTLO DH VKSJ LS@ REVENUE BY :SHRI RAJ MEHRA, JCIT-. DR LQUOKBZ DH RKJH[K@ DATE OF HEARING : 04/12/2015 ?KKS'K .KK DH RKJH[K@ DATE OF PRONOUNCEMENT : 14 /12/2015 VKNS'K@ ORDER PER R.P. TOLANI, JM THE ASSESSEE HAS FILED AN APPEAL AGAINST THE ORDER OF THE LD. CIT(A), ALWAR DATED 10-10-2013 FOR THE ASSESSMENT YEAR 200 9-10 RAISING THEREIN SOLITARY GROUND AS UNDER:- THAT THE LD. AO HAS ERRED IN LAW AS WELL AS ON TH E FACTS AND CIRCUMSTANCES OF THE CASE IN MAKING A LUM P SUM DISALLOWANCE OF RS. 50,000/- IN TRADING ACCOUNT AND THE LD. CIT(A) HAS ERRED IN SUSTAINING A SUM OF RS. 30,000/ - OUT OF THE SAME. ITA NO. 940//JP/2013 M/S. PYARE LAL NIRANJAN LAL & CO. VS. ITO,WAR D- 2(3), ALWAR . 2 2.1 AFTER HEARING BOTH THE PARTIES, WE FIND THAT TH E LD. CIT(A) HAS NOWHERE UPHELD THE REJECTION OF BOOKS OF ACCOUNT. I N THESE CIRCUMSTANCES, NO GROSS PROFIT ADDITION WAS CALLED FOR. CONSEQUENT LY, THERE WAS NO JUSTIFICATION IN RETAINING THE MEAGER DISALLOWANCE OF RS. 30,000/- WHICH IS DELETED. THUS THE APPEAL OF THE ASSESSEE IS ALLOWED . 3.0 IN THE RESULT, ASSESSEE'S APPEAL IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 14 /12/20 15 SD/- VKJ-IH-RKSYKUH (R.P.TOLANI) U;KF;D LNL;@ JUDICIAL MEMBER TK;IQJ@ JAIPUR FNUKAD@ DATED:- 144 /12/ 2015 *MISHRA VKNS'K DH IZFRFYFI VXZSF'KR@ COPY OF THE ORDER FORWARDED TO: 1. VIHYKFKHZ@ THE APPELLANT- M/S. PYARE LAL NIRANJAN LAL & CO., A LWAR 2. IZR;FKHZ@ THE RESPONDENT- THE ITO,WARD- 2(3), ALWAR 3. VK;DJ VK;QDRVIHY@ CIT(A). 4. VK;DJ VK;QDR@ CIT, 5. FOHKKXH; IZFRFUF/K] VK;DJ VIHYH; VF/KDJ.K] T;IQJ@ DR, ITAT, JAIPUR 6. XKMZ QKBZY@ GUARD FILE (ITA NO. 940/JP/2013) VKNS'KKUQLKJ@ BY ORDER, LGK;D IATHDKJ@ ASSISTANT. REGISTRAR