Bholenath Foods Limited Vs. Income Tax Officer
Case No: ITA No.5777/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Benches
Date: 1/7/2026
Parties Involved
appellantBholenath Foods Limited
respondentIncome Tax Officer, Ward 47(1), New Delhi
Facts Summary
The assessee, Bholenath Foods Limited, is a private limited company engaged in trading food grains. It filed its Income Tax Return (ITR) for Assessment Year 2012-13 declaring an income of Rs.1,31,83,635/-. The case was selected for scrutiny based on information from a survey conducted on Shri Ram Prakash Bhatia, who admitted to providing accommodation entries through various proprietorship concerns, including Jai Bharat Foods. The assessee allegedly paid Rs.81,50,586/- to Jai Bharat Foods, a bog…
Decision in favour of
Assessee
Legal Issues
- 1. Legality of reopening the assessment under section 148
- 2. Validity of the addition made by the AO under section 68
Precedents Relied Upon
3 precedents cited in this judgement.