Genins India Insurance TPA Ltd. Vs Deputy Commissioner of Income Tax

Parties Involved

Facts Summary

The assessee company had filed a return declaring income of Rs. 3,98,63,830/- for A.Y. 2014-15 on 29.09.2014. A search action under section 132 was carried out on the Alankrit Group of cases, wherein some incriminating documents were found at the searched premises in the name of the assessee. Its case was thereafter centralized and a notice under section 153C was issued on 16.12.2022. In response, the assessee filed a return declaring income of Rs. 3,98,63,830/- on 14.01.2023. Assessment was completed on 30.03.2024 at an income of Rs. 7,78,17,317/- vide order under section 153C of the Act after making various additions. Aggrieved, the assessee challenged the AO’s order by filing an appeal before the CIT(A). However, the appeal was dismissed vide order dated 29.08.2025.…

Legal Issues

• 1. Validity of proceedings under section 153C of the Act
• 2. Additions made by the AO

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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