ACIT, Circle 52 (1) vs. Singhania Alu Foil Containers
Case No: ITA No.2743/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Benches ‘G’, New Delhi
Date: 1/28/2026
Parties Involved
appellantACIT, Circle 52 (1)
respondentSinghania Alu Foil Containers
Facts Summary
The assessee, Singhania Alu Foil Containers, filed its income return declaring income of Rs.13,65,640/- for the assessment year 2015-16. The case was selected for scrutiny, and a notice under section 143(2) of the Income-tax Act, 1961, was issued. The Assessing Officer completed the assessment and made an addition of Rs.2,86,97,100/- under section 68 of the Act concerning unsecured loans received from three entities. The assessee appealed this addition before the Commissioner of Income Tax (Appe…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the Learned Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC) erred in deleting the addition of Rs 2,86,97,100/- made by the Assessing Officer on account of unexplained unsecured loans.
- 2. Whether the Learned Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC) erred in admitting additional evidence under Rule-46A of the Act.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
6 precedents cited in this judgement.