Hindustan Construction Company Limited Vs. Dy Commissioner of Income Tax

Parties Involved

Facts Summary

Hindustan Construction Company Limited, a public listed company engaged in civil construction, filed its return of income for AY 2012-13 reporting a total loss. The case was selected for scrutiny, and an assessment order was passed. Subsequently, the case was re-opened based on information regarding alleged accommodation entries from M/s Kumar Enterprises. The impugned reassessment order disallowed sub-contract expenses amounting to Rs. 14,03,68,378/-. The assessee contested the reopening and the disallowance of expenses.…

Legal Issues

• 1. Legality of the reassessment order under section 147
• 2. Disallowance of sub-contract expenses

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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