Birmana Gram Sewa Sahakari Samiti Ltd. vs. ITO, Ward

Parties Involved

Facts Summary

The assessee, Birmana Gram Sewa Sahakari Samiti Ltd., an Association of Persons (AOP), did not file its return of income for the assessment year under dispute. The Assessing Officer received information that the assessee had made cash deposits in a bank account. Based on this information, the Assessing Officer reopened the assessment under Section 147 of the Act and estimated the profit on a presumptive basis, adding an amount of Rs.95,84,434/-. The assessee contested this addition before the First Appellate Authority but was unsuccessful. The assessee argued that the credit and debit entries in the bank accounts represent loans given and loans recovered, which was accepted by the Department in earlier and subsequent assessment years.…

Legal Issues

• 1. Whether the addition made by the Assessing Officer is justified?

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• ITA No. 208/Bang/2026

  Bangalore bench

• Ruturaj Cooperative Housing Society Ltd. vs. ITO, Ward-5(1), Pune

  Pune bench

• Success Point A Step Towards Your Success Sanstha vs. ITO

  Jodhpur bench

• ITA No. 871/JPR/2026

  Jaipur bench

• Jankalyan Nagari Sahakari Patsanstha Mar Shahapur Vs. DCIT Circle-1

  J(SMC) Bench Mumbai benchAY 2015-16Allowed

• Late Shri Duleechanda Vs. The I.T.O

  Delhi ‘C’ Bench benchAY 2010-11Allowed