Case Law Details
Maan Cements Pvt. Ltd. Vs ITO (ITAT Delhi)
Assessing Officer has given a finding that the assessee had used a pre arranged device in form of booking of bogus purchases of shares. This finding of the Assessing Officer is not rebutted by the assessee by placing any material on record. Therefore, the addition of Rs. 3,32,850/- made u/s 69C is hereby sustained.
FULL TEXT OF THE ORDER OF ITAT DELHI
This appeal, by the assessee, is directed against the order of the learned Commissioner of Income-tax (Appeals)-6, New Delhi, dated 17.06.2018, pertaining to the assessment year 2011-12. The assessee has raised following grounds of appeal:
“1. That the 1d. CIT(A) has erred both on facts and in law by confirming an addition of Rs. 3,32,850/- u/s 69C of the Income Tax Act, 1961 made by assessing officer in his order passed u/s 147/143(3) of the I.T. Act, 1961.
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