Case Law Details
Spooner Industries P Ltd Vs ITO (ITAT Delhi)
Addition made by the ld. AO and confirmed by the ld. CIT (Appeals) under Section 68 of the Act deserves to be deleted for the reason that ( 1) it was not part of reasons for limited scrutiny, ( 2) no enquiries made by the Assessing Officer on the basic onus discharged by assessee of loans. and (3) on the very next day of conversion of case from limited scrutiny to complete scrutiny assessment order is passed, (4) Framing of the draft assessment order and sent to PR CIT along with seeking approval for conversion of limited scrutiny case to complete scrutiny.
FULL TEXT OF THE ITAT JUDGEMENT
This appeal is filed by the assessee against the order of the ld. CIT(Appeals), Muzaffarnagar, dated 26.12.2018 for the Assessment Year 2014-15 raising the following grounds of appeal:-
“1. On the facts and circumstances of the case the order passed by the Ld. CIT(A) is bad both in eyes of law and on facts.
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