2014 (5) TMI 971

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....vocate For the Respondent : Mr. Pankaj Jain, Sr. Advocate with Mr. Divya Suri, Advocate and Mr. Sachin Bhardwaj, Advocate ORDER Ajay Kumar Mittal,J. 1. This order shall dispose of ITA Nos.278 and 279 of 2013 as the learned counsel for the parties are agreed that the issue involved in both the appeals is identical. However, the facts are being extracted from ITA No.278 of 2013. 2. IT....

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....or adjudication of the controversy involved, as narrated in ITA No.278 of 2013 may be noticed. The assessee is a government contractor. He filed his return of income on 28.9.2009 declaring total income of Rs. 96,71,108/-, which was processed under Section 143(1) of the Act. The Assessing Officer assessed the income of the assessee under Section 143(3) of the Act after rejecting the account books o....

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....d the appeal of the revenue. The Tribunal sustained the addition of Rs. 6 lacs only as against total addition made by the Assessing Officer at Rs. 52,53,348/- and upheld by the CIT(A) at Rs. 27,65,939/-. Hence the present appeals by the revenue. 4. We have heard learned counsel for the parties and perused the record. 5. The Tribunal while adjudicating the issue had relied upon the order pass....