DCIT, New Delhi M/s. Ackruti Safegaurd Systems Pvt. Ltd., Navi Mumbai

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI
BENCH ‘A’, NEW DELHI

BEFORE SH. H. S. SIDHU, JUDICIAL MEMBER
AND, SH. ANIL CHATURVEDI, ACCOUNTANT MEMBER
(THROUGH VIDEO CONFERENCING)
ITA No.6173/Del/2016 (for Assessment Year 2012-13)

DCIT
Circle – 1(2),
New Delhi – 110 002
PAN No. AACCA 4087 E
(APPELLANT) 

Vs. 

Ackruti Safeguard Systems
Pvt. Ltd.,
D-89/3, TTC Industrial
Area, MIDC, Turbhe,
Navi Mumbai – 400 705
(RESPONDENT)

Assessee by -None-
Revenue by Sh. Prakash Dubey, Sr. DR

Date of hearing: 14/12/2020
Date of Pronouncement: 17/12/2020

ORDER

PER ANIL CHATURVEDI, AM:

This appeal filed by the Revenue is directed against the order dated 26.09.2016 of the Commissioner of Income Tax (A)-I, New Delhi relating to Assessment Year 2012-13.

2. The relevant facts as culled from the material on records are as under :

3. Assessee is a company stated to be engaged in the business of Manufacturing/ Trading / Exporting /Distributing of all kinds of High Security Number Plates and other connecting activities. AO has noted that the business of the assessee had not commenced till the end of the year under consideration. Assessee filed its return of income for A.Y. 2012-13 on 29.09.2012 showing loss of Rs.69,05,408/-. Subsequently, it revised the return of income on 29.03.2014 declaring loss of Rs.1,88,21,050/-. The case was selected for scrutiny and thereafter, assessment was framed u/s 143(3) vide order dated 30.03.2015 and the total loss was determined at Rs.35,61,712/-.

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