Capital Infra Projects Pvt Ltd Vs DCIT

Last updated: 29 December 2020

Court :
ITAT New Delhi

Brief :
The above two appeals by the assessee are preferred against the common order of the CIT(A) – 4, Kanpur dated 30.11.2018 pertaining to A.Ys 2013-14 and 2014-15. The underlying facts in issues are identical. Therefore, both these appeals are disposed off by this common order for the sake of convenience and brevity.

Citation :
ITA No. 927 & 928/DEL/2019

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘B’ BENCH,
NEW DELHI [THROUGH VIDEO CONFERENCE]

BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER, AND
SHRI KULDIP SINGH, JUDICIAL MEMBER

ITA No. 927 & 928/DEL/2019
[Assessment Year: 2013-14 & 2014-15]

Capital Infra Projects Pvt Ltd
C/o M/s RRA Tax India
D -28, South Extension
Part – 1, New Delhi.
PAN : AAECC 0093 J
[Appellant]

The Dy. C.I.T
Central Circle
New Delhi.
[Respondent]

Date of Hearing : 02.09.2020
Date of Pronouncement : 04.09.2020
Assessee by : Shri Rajiv Khandelwal, CA
Revenue by : Ms. Nidhi Srivastava, CIT- DR

ORDER

PER N.K. BILLAIYA, ACCOUNTANT MEMBER,

The above two appeals by the assessee are preferred against the common order of the CIT(A) – 4, Kanpur dated 30.11.2018 pertaining to A.Ys 2013-14 and 2014-15. The underlying facts in issues are identical. Therefore, both these appeals are disposed off by this common order for the sake of convenience and brevity.

2. The quarrel is in respect of loan received from M/s Pabla Leasing and Finance Pvt. Ltd amounting to Rs. 3 crores in each A.Y treated by the Assessing Officer as unexplained cash credit and, accordingly, additions have been made under section 68 of the Act.

3. The representatives of both the sides were heard at length, the case records carefully perused and with the assistance of the ld. Counsel, we have considered the documentary evidences brought on record in the form of Paper Book in light of Rule 18(6) of ITAT Rules and have also perused the judicial decisions relied upon by both the sides.

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