2016 (8) TMI 1517

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.... & Sh.Piyush Kumar K, Adv. ORDER The appeal is filed by the Revenue directed against the order of the Ld. Commissioner of Income Tax (Appeals), Rohtak dated 9.3.2015 pertaining to the Assessment Year (A.Y.) 2010-11 on the following grounds. "1. On the facts and in the circumstances of the case, the Ld.CIT(A) has erred in law and in facts in deleting the addition amounting to Rs. 35,....

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....d Cross Objection on the following grounds. "1. The initiation of proceedings u/s 147 of the Act and framing of assessment  u/s 147/143(3) of the Act without satisfying the statutory provision contained in the Act were without jurisdiction and therefore be quashed as such. 2. That since there was no tangible and, relevant material on record to allege, assume or even have a p....

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....eek, the department would be seeking adjournments in all the cases posted before this SMC Bench on the same ground. Under the circumstances, as the Bench cannot be allowed to collapse, I reject some of these applications filed by the Revenue for adjournments and dispose of the case ex parte qua the Revenue on merits. 3. Heard the Ld.Counsel for the assessee. 4. The Ld.CIT(A) has at para 4 of....

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....o the contrary in the case of companies who made the investment, the addition of Rs. 35 lakhs was uncalled for. I, therefore, delete the same. The addition of Rs. 51,04,609/- on account of loss is also deleted. This ground of appeal is allowed." 5. I find no infirmity in this finding of the First Appellate Authority. The Assessing Officer has made the addition in question on the premise that, t....