Birla Shloka Edutech Ltd. vs The Deputy Commissioner of Income Tax, Central Circle 4(1), Mumbai

Parties Involved

Facts Summary

A bunch of appeals were filed by Birla Shloka Edutech Ltd. against the order of the Ld. Commissioner of Income Tax (Appeal)-52, Mumbai, passed under section 250 of the Income Tax Act 1961 for assessment years 2008-09 to 2014-15. The appeals were filed with a delay of 210 days, which was condoned by the Tribunal. The assessee company has been defunct since 2015, with no functioning directors or authorized signatories. A search action was initiated under section 132 in the 'Yashovardhan Birla Group' on 07.01.2014, and a notice under section 153A was issued. The assessment was completed ex parte, and the assessee was unable to submit the requisite documents before the Assessing Officer. Consequently, an addition of Rs. 6,07,09,120/- was confirmed. The aggrieved assessee filed an appeal before the Ld. CIT(A), which was also decided ex parte, upholding the impugned assessment order.…

Legal Issues

• 1. Condonation of delay in filing the appeals.
• 2. Validity of the ex parte assessment order and the addition of Rs. 6,07,09,120/-.

Judgment Outcome

Decided in favour of Assessee.

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