ACIT vs. Matrix Cellular (International) Services Pvt. Ltd.
Case No: ITA No. 2230/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Bench ‘E’
Date: 2/13/2025
Parties Involved
appellantACIT
respondentMatrix Cellular (International) Services Pvt. Ltd.
Facts Summary
The assessee/appellant electronically filed a return of income on 30.11.2017 declaring a loss of Rs.1,23,79,675/-. The case was selected for complete scrutiny under CASS. A notice under section 143(2) of the Act dated 19.09.2018 was issued, followed by a notice under section 142(1) of the Act along with a questionnaire. The assessee-company furnished relevant details/documents through the e-filing portal. On completion of assessment proceedings, the learned AO made additions of Rs.1,27,43,326/- …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the learned CIT(A) erred in deleting the addition of Rs.1,27,43,326/- on account of provision for doubtful advances.
- 2. Whether the learned CIT(A) erred in deleting the addition of Rs.15,09,601/- on account of provision for ESOP expenses.
2 more legal issues analysed in this judgement.
Precedents Relied Upon
10 precedents cited in this judgement.