2014 (8) TMI 490

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....g Counsel on behalf of the Commissioner of Income Tax-V in this appeal under Section 260A of the Income Tax Act, 1961 (Act, for short). Learned counsel for the Revenue has produced before us copy of the order sheets before the Assessing Officer relating to Assessment Year 2008-09. It is noticeable that notice under Section 143(2) of the Act dated 18th August, 2009 was issued for 8th September, 200....

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....sessee was required to furnish shareholding pattern of the respondent-assessee and the case was adjourned to 13th December, 2010. On 13th December, 2010, none attended, but no notice fixing further date was issued. Notice dated 16th December, 2010 was issued fixing date of hearing on 20th December, 2010, on which date the accountant again attended and furnished details including details of shareho....

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....ers. He has also observed that the assessee had machinery on which the workers had undertaken tailoring and embroidery work. The Commissioner of Income Tax (Appeals) accepted justification and ground, given by the respondent-assessee for not furnishing full details before the Assessing Officer as the proceedings were being attended by the accountant of the respondent-assessee, who, because of lack....

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....e respondent-assessee. Commissioner of Income Tax (Appeals) has gone into the said question and examined payment sheets, details of machinery etc. and has decided the question in favour of the assessee. We have examined the order sheets of the Assessing Officer produced before us by counsel for the Revenue. We again record that the question of disallowance under Section 40(a)(ia) was not specifica....