Nehal Brothers,Mumbai vs Income Tax Officer 23(2)(1), Mumbai on 25 November, 2024
10. We find that the assessee has filed paper book comprising 1
to 344 before the lower authority and before the ITAT comprising
confirmation of lenders financial position of lenders copies of bank
statement etc. However, such detail has not been referred
8
MA No. 106/Mum/2024
Nehal Brothers
anywhere at para 8 of the ITAT order wherein it is held that
assessee has not been able to make out a case either for deleting
the addition or for re-verification. Before us, the ld. Counsel
referred the decision of the ITAT in the case of Ganita Technologies
& Services Pvt. Ltd. vs DCIT 3(1)(1), Mumbai vide M.A. No.
439/Mum/2022 dated 09.11.2023 wherein miscellaneous
application filed was allowed after following the decision of Hon'ble
Madras High Court in the case of CIT vs Shree Ganesh Ventures
(124 taxmann.com 99 (2021) on the issue of material on record
which was lost sight of the Tribunal. Accordingly, we recall the
order of the ITAT vide ITA No. 2541/M/2023 dated 25.01.2024 to
the limited extent of deciding the issue in case of the five lenders
as mentioned in para 8 of the order after considering the detail
filed by the assessee in the paper book placed before the ITAT as
discussed. Accordingly, the miscellaneous application filed by the
assessee is partly allowed for statistical purpose in respect of para
2.1(c) of the miscellaneous application pertaining to para 8 of the
ITAT order subject to the terms as discussed above.