Deputy Commissioner of Income Tax Vs. ICMC Projects P. Ltd.
Case No: आअसं.9210/धिल्ली /2025 (नि.व. 2019-20)
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/19/2026
Parties Involved
appellantDeputy Commissioner of Income Tax
respondentICMC Projects P. Ltd.
Facts Summary
The Revenue appealed against the order of the Commissioner of Income-tax (Appeals)-29, New Delhi, dated 27.08.2025, for the Assessment Year 2019-20. The Department submitted that the assessee's assessment was reopened following information received after a search under Section 132 of the Income Tax Act, 1961, on Galaxy Group, Shri Pradeep Indra Prasad Agarawalla, and entry providers Deepak Agarwal and Himanshu Verma. The assessee had received accommodation entries of Rs.12,50,000/- from M/s. ALP…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.25,00,000/- under Section 68 of the Act for accommodation entries.