2012 (7) TMI 1106

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....espondent by : Sh. V.K. Saksena CIT(DR) ORDER R.P. Tolani. These are four appeals, filed by the assessee against separate orders of CIT(A) for A.Yrs. 2001-02, 2002-03, 2003-04 & 2004-05. 2. Ground nos. 1 to 4 in all these appeals are not pressed, hence dismissed accordingly. 2.1. Other grounds raised are as under: (1) Addition on account of share capital in A.Ys. 2001-02 & ....

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....ss plan expenditure: A.Y. 2002-03 = Rs. 4,12,520/- A.Y. 2003-04 = Rs. 4,12,520/- A.Y. 2004-05 = Rs. 4,12,520/- (7) Annual membership fee: A.Y. 2002-03 = Rs. 3,05,482/- (8) Interest U/s 234A & 234B 3. The assessee is a private limited company incorporated on 11-08.2000 with the main object of pursuing E-Commerce and software business. Briefly....

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.... (iii) these Balance Sheets clearly reflect the said amounts having been received by the assessee; (iv) the tax residency certificate of Y2K Systems Ltd had been filed; (v) the incorporation particulars of the company in Mauritius had been filed.' 3.1. Hence according to the assessee company no addition under 68 of the Act was sustainable. 3.2. It was further conten....

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....mstances are similar in both the cases and the issues may be decided in view of the appeals of Shri Suresh Nanda. 4. By order of even date in the case of Shri Suresh Nanda in ITA nos. 1428,1429 & 1430/Del/2012 for A.Ys. 2001-02, 2002-03 & 2004-05 we have set aside these issues back to the file of AO to decide the same afresh after giving the parties adequate opportunity of being heard afresh. F....