IN THE ITAT, AGRA BENCH

PRASHANT MAHARISHI, A.M. AND K. NARASIMHA CHARY, J.M.

ACIT v. D.D. Resorts (P) Ltd.

ITA Nos. 6895& 6896/Del/2015 & ITA No. 248/Agra/2016

21 January, 2020

Against Revenue

Revenue by: Nidhi Srivastava, Commissioner of Income Tax/Departmental Representative.

Department by: Sudesh Garg, Advocate & R.N. Poonia, Authorised Representative.

K. Narasimha Chary, J.M.

Challenging the separate Orders, dt. 5-10-2015 for assessment years 2007-08 and 2008-09 and Order, dt. 18-5-2016 for assessment year 2009-10 passed by the Commissioner (Appeals)-23, New Delhi in the cases of D.D. Resorts (P.) Ltd. ( the assessee ), revenue preferred these appeals.

2. Brief facts of the case are that the assessee is a company engaged in the business of real estate development and it was developing a shopping cum office complex by name CITYSCAPE at Gurgaon. On 31-7-2008, search and seizure operations under section 132 of the Income Tax Act, 1961 (for short the Act ) were carried out in Raj Durbar group of cases and computerised books of accounts of the assessee were seized. A survey under section 133A of the Act was also carried out at the project site of the assessee-company.