Ground of appeal is a deletion of the addition made u/s. 68 of the Income Tax Act

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “A” NEW DELHI

BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER
&
SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER
I.T.As. No.1428/DEL/2016
Assessment Year 2012-13

ITO, Ward-3(2),
New Delhi.
(Appellant) 

vs. 

M/s. Arizona Ventures Pvt.
Ltd.,
Flat No.211, 2nd Floor,
Hemkunt Chamber,
89, Nehru Place,
New Delhi.
TAN/PAN: AADCD6391B
(Respondent) 

ITA No.1429/DEL/2016
Assessment Year 2012-13

ITO, Ward-3(2),
New Delhi.
(Appellant) 

vs. 

M/s. Arizona Global Services
Pvt. Ltd.,
Flat No.211, 2nd Floor,
Hemkunt Chamber,
89, Nehru Place,
New Delhi.
TAN/PAN: AADCD7117M
(Respondent) 

Appellant by: Shri Satpal Gulati, CIT-DR
Respondent by: Shri Rakesh Joshi, CA
Date of hearing: 15 03 2021
Date of pronouncement: 26 03 2021 

O R D E R

PER AMIT SHUKLA, J.M.:

The aforesaid appeals have been filed by the Revenue against separate impugned order of even date, 29.01.2016 passed by ld. CIT(A)-I, New Delhi for the quantum of assessment passed u/s.143(3) for the Assessment Year 2012- 13. In both the appeals, the issues raised are exactly samearising out of identical set of facts and also the same natureof finding is permeating in both the appeals; hence both the appeals were heard together and are being disposed of by way of this consolidated order.

2. The only ground raised by the Revenue in the appeal of M/s. Arizona Global Services Pvt. Ltd. is that, ld. CIT (A) haserred on facts and in circumstances of the case in deleting theaddition of Rs. 151,95,00,000/- made u/s.68; and in the caseof M/s. Arizona Ventures Pvt. Ltd. Similar ground has beenraised for deleting the addition of Rs.53,55,00,000/- madeu/s.68 of the Act. 

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