2012 (5) TMI 842 - AT - Income Tax

Summary

Issues involved: Appeal by Revenue against order of ld. Commissioner of Income Tax(Appeals)-XI I, Kolkata for assessment year 2008-09.

Issue 1: Addition of Rs. 44,03,180/- as bogus liability for AY 2008-09.
- Assessing Officer added the amount as bogus liability due to unserved notices to three persons.
- Ld. CIT(A) deleted the addition, considering the transactions and VAT registration of the parties.
- Revenue's appeal challenged the deletion, but failed to dispute the findings.
- Tribunal confirmed the deletion, citing continuous transactions and proper payments.

Issue 2: Acceptance of additional evidence by ld. CIT(A) without production before AO.
- Revenue challenged the acceptance of additional evidence.
- Revenue failed to identify any specific new evidence considered by ld. CIT(A).
- Tribunal dismissed Revenue's appeal on this ground.
- Overall appeal of Revenue was dismissed, and the order was pronounced on May 29, 2012.