Dhansamridhi Finance Pvt. Ltd. vs. Asst. CIT
Case No: ITA No.1377/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/6/2026
Parties Involved
appellantDhansamridhi Finance Pvt. Ltd.
respondentAsst. CIT, Circle-7(2), New Delhi
Facts Summary
The appeal is filed by Dhansamridhi Finance Pvt. Ltd. against the order of NFAC, Delhi dated 20.02.2025 for the Assessment Year 2011-12. The assessee raised several grounds of appeal including the erroneous addition of Rs. 22,37,61,000/- under Section 68 of the Income-tax Act, 1961 and jurisdictional errors in the issuance of notice under Section 148 and obtaining approval under Section 151 of the Act.…
Decision in favour of
Assessee
Legal Issues
- 1. Invalidity of notice under Section 148 due to lack of prior approval under Section 151.
- 2. Mechanical and unreasoned sanction/approval under Section 151.
Precedents Relied Upon
8 precedents cited in this judgement.