Deputy Commissioner of Income Tax vs M/s OSE Infrastructure Ltd.
Case No: ITA No.- 2955/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 2/4/2026
Parties Involved
appellantDeputy Commissioner of Income Tax
assesseeM/s OSE Infrastructure Ltd.
Facts Summary
The assessee company filed its original ITR declaring current year loss of (-) Rs. 1,37,82,630/- on 28.09.2012 and the same was processed under section 143(1) of the Income Tax Act. Further, a search and seizure operation was conducted on Bakshi Group on 10.12.2012 and the premises of the assessee was also covered u/s 132. Thereafter, a revised ITR was filed by the assessee declaring income of Rs. NIL on 24.02.2015 and assessment u/s 143(3) r.w.s 153A of the Act was completed at NIL/- on 24.03.2…
Legal Issues
- 1. Whether the addition of Rs. 3,37,89,000/- to the income of the assessee is sustainable.
- 2. Whether the Ld. CIT(A) erred in placing undue reliance on the order passed by the Hon'ble Interim Board of Settlement (IBS).