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


Quick Summary
This Income Tax Appellate Tribunal case involves appeals by the Revenue against orders deleting significant additions made under Section 68 of the Income Tax Act for the Assessment Year 2012-13. The Revenue's grounds of appeal specifically challenge the deletion of substantial amounts added to the income of M/s. Arizona Global Services Pvt. Ltd. and M/s. Arizona Ventures Pvt. Ltd.

Court :
ITAT New Delhi

Brief :
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.

Citation :
ITA 1428/DEL/2016

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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Published in Income Tax
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