Dhansamridhi Finance Pvt. Ltd. vs. Asst. CIT
Parties Involved
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.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
8 precedents cited in this judgement.
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