Pro Commissioner Of Income Tax-6, New Delhi v. New Video Pvt. Ltd

• ! $--5 & 6 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA No. 576/2017 PRo COMMISSIONER OF INCOME TAX-6, NEW DELHI ..... Appellant Through: Mr. Asheesh Jain, Sr. Standing Counsel with Mr. Vikrant A. Maheshwari, Advocate . versus NEW VIDEO PVT. LTD. ..... Respondent Through: None. + ITA No. 577/2017 & C.M. No. 26810/2017 PRo COMMISSIONER OF INCOME TAX-6, NEW DELHI ..... Appellant Through: Mr. Asheesh Jain, Sr. Standing Counsel with Mr. Vikrant A. Maheshwari, Advocate. versus NEW VIDEO PVT. LTD. Through: None. ..... Respondent CORAM: JUSTICE S.MURALIDHAR JUSTICE PRATHIBA M. SINGH ORDER 05.09.2017 0/0 1. The Revenue is in appeal against the order dated 16[th ]December 2016 passed by the Income Tax Appellate Tribunal (IT AT) in ITA No. 2587IDe1l2011 and ITA No.29561Del/2011 pertaining to the Assessment Year 2007-08 CAY'). ITA Nos. 576 & 57711017 Page Nos. 1 of1 Signature Not Verified • 2. The question sought to be urged in the present appeals is whether the IT AT was justified in confinning the order of the Commissioner of Income Tax (Appeals) ['CIT(A)'] which deleted the addition of Rs.21,64,518/-under Section 68 of the Act only on the ground that the payments to the creditors have been made by the Assessee in the subsequent years. 3. The fact remains that the explanation offered by the Assessee regarding repayment to the creditors in subsequent years was accepted by the Revenue. Therefore, in the facts and circumstances of the present case, the Court is not inclined to examine the question as urged. Nevertheless, the question is left open for consideration in an appropriate case. 4. The appeals and pending application are dismissed. S. MURALIDHAR, J. S. MURALIDHAR, .. PRATHIBAM. SINGH,J. SEPTEMBER 05, 2017 srb ITA Nos. 576 & 57712017