2016 (12) TMI 1730

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.... Revenue by:Sh. Rajesh Kumar, Sr. DR O R D E R PER PRASHANT MAHARISHI, A. M. 1. These are the cross appeals filed by the parties against the order of the ld CIT(A)-XVI, New Delhi dated 12.01.2011 for the Assessment Year 2007-08. 2. The assesse has raised the following grounds of appeal:- "1. The  learned C1T (A) has erred in law and on facts and under the circumstances o....

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....following grounds of appeal:- "1. That on the facts and circumstances of the case and in law the ld CIT(A) has erred in disallowance of Rs. 64,22,436/- made by the AO by invoking the provisions of Section 40A(2)(b) of the Act, 1961.  2. That on the facts and circumstances of the case and in law the ld CIT(A) has erred in allowing a relief of Rs. 2164518/- out of disallowance of Rs. 5078....

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....3(6). The amount of advance includes 2914046/- of M/s. Supra Industrial Co. Pvt. Ltd of Dubai. The same outstanding of that party was Rs. 2489429/- and therefore in absence of complete postal address and confirmation the addition of Rs. 2914046/- was made. The above addition was contested before the ld CIT(A) who confirmed the addition and therefore the assesse is in appeal before us. 6. The ld....