Astoria Agro and Allied Industries Pvt. Ltd. Vs. DCIT-Central Circle 4(3) Mumbai
Case No: ITA No.4733/Mum/2025, ITA No.4732/Mum/2025, ITA No.4719/Mum/2025
Court: INCOME TAX APPELLATE TRIBUNAL, ‘A’ BENCH, MUMBAI
Date: 1/28/2026
Parties Involved
appellantAstoria Agro and Allied Industries Pvt. Ltd.
respondentDCIT-Central Circle 4(3) Mumbai
Facts Summary
The facts of the case revolve around a search and seizure action conducted under section 132 of the Income-tax Act at the premises of M/s Renukamata Multi State Cooperative Urban Credit Society Ltd. and its key persons on 26.05.2017. The Assessing Officer observed that Astoria Agro and Allied Industries Pvt. Ltd. had allegedly received funds aggregating to Rs. 39,30,300 through its bank accounts based on this information. The assessee originally filed its return of income declaring a loss, but a…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of reopening under section 147 of the Act
- 2. Additions made on merits under section 69A of the Act
Precedents Relied Upon
3 precedents cited in this judgement.