2014 (10) TMI 1003

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....r the amounts and therefore both can be heard and decided together. We therefore proceed to dispose of both the appeals by way of a consolidated order for the sake of convenience and proceed by referring to the facts for A.Y. 08-09. ITANo3103/A/11 & ITA No. 359/A/13. A.Ys. 2008-09 & 2009-1023.The facts as culled out from the material on record are as under. 4.Assessee is a company stated to be engaged in the business of Filter aid and Perlite Products, Cotton and Synthetic Cloth and Leasing. Assessee filed its return of income of A.Y. 08-09 on 27-09-2008 declaring total income of Rs. 1,68,84,250/-. The case was selected for scrutiny and thereafter the assessment was framed u/s 143(3) vide order dated 21.12.2010 and the total income was d....

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.... the Id. CIT(A) ought not to have confirmed the addition made by the AO. 2.2 Thus, the Id. CIT(A) was completely in error on facts and in law in not appreciating the submissions made before him in this regard positively and thus, failed to held in favour of the appellant by deleting the impugned addition made in the assessment order. 5.At the outset before us, Ld A.R. filed an application for admission of additional evidence in the form of note on duties of consultant and plant superintendent, copy of consultancy agreement. He further submitted that the additional evidence was important and decisive evidence in determining the controversy. He also placed on record the decision of Delhi High Court Guy Carpenter and Co. Ltd. (2012....