ITA Nos. 1073 to 1076, 1854/Del/2021 M/s Minda Capital Pvt. Ltd (2011-12 to 2015-16)

Parties Involved

Facts Summary

The case involves five appeals filed by the Revenue against the orders of the Ld. CIT(A)-26 for Assessment Years 2011-12 to 2015-16. A search and seizure operation was conducted on the assessee on 18.06.2017. The Revenue challenged the deletion of additions made by the Assessing Officer (AO) on various grounds, including bogus trading of fabric and other financial discrepancies. The Ld. CIT(A) had allowed the assessee's appeal partly, deleting certain additions made by the AO. The Revenue is now appealing against this order.…

Legal Issues

• 1. Whether the Ld. CIT(A) is correct in deleting the addition on account of unexplained investment and brokerage charges.
• 2. Whether the Ld. CIT(A) is correct in deleting the addition on account of fabricated bills of purchases and sales.
• 3. Whether the Ld. CIT(A) erred in law and on facts in various aspects of the assessment.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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