2023 (8) TMI 224

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....dvocate And Ms. Bhoomija Verma, Advocate For the Respondent : Ms. Smita Singh, Sr. DR ORDER PER N. K. BILLAIYA, AM: This appeal by the assessee is preferred against the order of the CIT(A)-5, New Delhi dated 26.06.2019 pertaining to A.Y. 2002-03. 2. The sum and substance of the grievance of the assessee is that the CIT(A) erred in confirming the addition of Rs. 33485700/- on account....

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....t the end of justice, while setting aside the orders of the authorities below remand the matter to the file of the A.O. with direction to adjudicate upon the issue afresh in view of the decision of the Hon'ble Delhi High Court in the case of Logitronics P. Ltd. Vs. CIT and Others (Supra) as discussed above after affording proper opportunity of being heard to the assessee. In the result the ground ....

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.... subsequent event, which imprints a different quality on receipt. The loan so waived off was basically for the purpose of working capital and for the same, reliance can be placed on the following judicial pronouncement". 5. Once again following the order of the Hon'ble High Court in the case of Logitronics Private Limited 333 ITR 386 the AO made the addition of Rs. 334,85700/-. 6. The impugn....