Eltek SGS Pvt. Ltd. vs ACIT
Case No: ITA No.5531/Del/2019
Court: Income Tax Appellate Tribunal, Delhi Bench ‘B’
Date: 2/19/2025
Parties Involved
AppellantEltek SGS Pvt. Ltd.
RespondentACIT, Circle-8(1), New Delhi
Facts Summary
The assessee, Eltek SGS Pvt. Ltd., engaged in the business of manufacturing and trading of electronics/electrical goods, filed its Income Tax Return declaring income of Rs.7,82,23,760/- on 29.11.2012, which was later revised to Rs.6,38,34,620/- on 29.03.2014. The case was picked up for scrutiny and the consequential assessment was completed at an income of Rs.6,56,10,314/- on 21.03.2016. The Assessing Officer made disallowances of Rs.15,71,334/- under section 14A, Rs.2,04,350/- under section 40(…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of expenditure under section 14A of the Income Tax Act, 1961
- 2. Disallowance of expenditure under section 40(a)(ia) of the Income Tax Act, 1961
1 more legal issue analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.