DCIT, Central Circle-1 vs M/s Dharampal Premchand Ltd.
Case No: ITA No.7114/DEL/2018
Court: Income Tax Appellate Tribunal, Delhi Bench, ‘A’: New Delhi
Date: 2/7/2025
Parties Involved
appellantDCIT, Central Circle-1
respondentM/s Dharampal Premchand Ltd.
Facts Summary
The assessee, M/s Dharampal Premchand Ltd., is in the business of software publishing consultancy and supply. A search and seizure operation was carried out in the case of Maconns, Meenu and Yadav Singh Group, Noida on 27.11.2014. The assessee company was incorporated on 01.04.2007 with 10000 shares held equally by Namrata Manocha and Shri Rajendra Manocha. Notice u/s 153C was issued on 18.06.2015 and the assessee e-filed its return of income declaring a total loss of Rs.42,52,242/-. The assessm…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Ld. CIT(A) erred in law while holding that there was no incriminating material for the issuance of notice u/s 153C.
- 2. Whether the Ld. CIT(A) erred in law while holding that there was no incriminating material for the issuance of notice u/s 153C.
4 more legal issues analysed in this judgement.
Precedents Relied Upon
2 precedents cited in this judgement.