ITA No. 520/DEL/2017 [A.Y 2011-12] and ITA No. 521/DEL/2017 [A.Y 2012-13]
Parties Involved
Facts Summary
The Revenue filed two separate appeals against the order of the ld. CIT(A)-23, New Delhi dated 25.11.2016 pertaining to A.Ys. 2011-12 and 2012-13. The Revenue's grievance was the deletion of additions made by the Assessing Officer on account of bogus expenses claimed by the assessee company. In A.Y 2012-13, the Revenue also raised a ground pertaining to deletion of addition on account of undisclosed income. The National Company Law Tribunal (NCLT) had approved a Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 against the assessee on 15.05.2019.…
Decision in favour of
Assessee
Legal Issues
- 1. Deletion of addition made by the Assessing Officer on account of bogus expenses claimed by the assessee company.
- 2. Deletion of addition on account of undisclosed income.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
2 precedents cited in this judgement.
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