Sponsored
    Follow Us:

Case Law Details

Case Name : DCIT Vs. PES Installations Pvt. Ltd. (ITAT Delhi)
Appeal Number : ITA No. 1364/Del/2015
Date of Judgement/Order : 30/11/2018
Related Assessment Year : 2010-11
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

DCIT Vs. PES Installations Pvt. Ltd. (ITAT Delhi)

In paper book filed before us at page 222, copy of remand report has been placed. Ld. AO observed therein that, mere filing PAN numbers or assessment particulars, VAT returns and copy of sales tax RC etc., do not establish identity of persons. He further notes that actual and true identity of persons or company was business undertaken by them. PAN numbers/registration of VAT are allotted on basis of application, without actual defacto verification of identity or ascertaining actual nature of business activity, and therefore cannot be blindly accepted. On further perusal of the remand report it is observed that Ld. AO himself has not taken up any steps to verify these details. In our considered opinion moment assessee filed various details regarding sellers, onus shifts upon Ld. AO to verify the same at his end.

Accounts regularly maintained in course of business have to be taken as correct unless there are strong and sufficient reasons to indicate that they are unreliable. We therefore uphold the view of Ld.CIT(A) in accepting books of account of assessee.

FULL TEXT OF THE ITAT JUDGMENT

Present appeal has been filed by Revenue against order dated 19.12.2014 passed by Ld.CIT(Appeals)-7, Delhi pertaining to Assessment Year (A.Y.) 2010-11 on following grounds of appeal:

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031