The Dy. C.I.T Vs. M/s Kurele Packaging Pvt Ltd

Parties Involved

Facts Summary

This appeal by the Revenue is against the order of the ld. CIT(A)-3, Noida dated 16.12.2024 pertaining to A.Y. 2021-22. The Revenue raised several grounds of appeal, including the admission of additional evidence by the CIT(A), deletion of additions made by the Assessing Officer (AO) on account of unexplained credits and gross profit. The assessee argued that no adverse material was found during the search and that the AO made an ex parte assessment. The CIT(A) had deleted the additions made by the AO based on the documents produced before him.…

Legal Issues

• 1. Whether the ld. CIT(A) erred in admitting additional evidence submitted by the assessee during the appellate stage.
• 2. Whether the ld. CIT(A) erred in deleting the addition of Rs. 5,10,76,762/- made u/s 68 of the Act on account of unexplained credit.
• 3. Whether the ld. CIT(A) erred in deleting the addition of Rs. 1,03,52,729/- made by the AO on account of gross profit.

Judgment Outcome

Decided in favour of Revenue.

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