Dy. Commissioner Vs. Abhi Capital Services Limited
Case No: ITA No. 2885/DEL/2025 [A.Y. 2011-12], ITA No. 2886/DEL/2025 [A.Y. 2012-13]
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI ‘B’ BENCH, NEW DELHI
Date: 1/16/2026
Parties Involved
appellantDy. Commissioner
respondentAbhi Capital Services Limited
Facts Summary
The assessee, Abhi Capital Services Limited, is a company incorporated on 16th March 1995 under the Companies Act, 1956. It was engaged in trading in derivatives (Futures & Options) and equity shares, and received commission income for introducing clients in the stock market. The assessee filed its Income Tax Return for A.Y. 2011-12 on 31.03.2012 declaring a total income of Rs 62,750/-. The case was selected for assessment proceedings under section 153C of the Income-tax Act, 1961, and a notice …
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the assessment order under section 153C of the Income-tax Act for A.Ys 2011-12 and 2012-13.
Precedents Relied Upon
4 precedents cited in this judgement.