2012 (2) TMI 582

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....his is assessee's appeal against CIT(A)'s order dated 8-9-2010 relating to A.Y. 2006-07. Following effective ground are under: "I. That the learned Commissioner of Income-tax (Appeals) has erred in confirming the disallowance of Rs. 50,000/- paid towards filing fee to ROC. II. That the learned Commissioner of Income-tax (Appeals) has erred in confirming the disallowance of Rs. 13....

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....smissed. 5. Apropos second ground, ld. counsel for the assessee has applied for filing of additional evidence, which could not be furnished before the AO. 6. Brief facts are that the assessee is in the manufacture of plastic containers involving the purchase of moulds and dies. The quality of products depends upon the quality of moulds used by the assessee. In the course of business, purchas....

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.... admission of additional evidence and contends that the assessee has employed the practice of capitalizing of the moulds as a block of asset, claiming depreciation thereon. The orders of lower authorities are relied on. 8. We have heard rival contentions and perused the relevant material available on record. In similar facts additional evidence was admitted and issue was set aside by the ITAT a....