Howe Robinson Shipping India Pvt. Ltd. vs ACIT, CPC, Income Tax Office, Bengaluru
Case No: आ.अ.सं/.I.T.A No.2437/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Bench 'B', New Delhi
Date: 2/7/2025
Parties Involved
appellantHowe Robinson Shipping India Pvt. Ltd.
respondentACIT, CPC, Income Tax Office, Bengaluru
Facts Summary
The assessee, Howe Robinson Shipping India Pvt. Ltd., is engaged in the business of ship brokering and filed its original return of income at NIL on 11.02.2021. The return was processed under section 143(1) of the Act on 18.12.2021, where an amount of Rs. 83,46,490 was disallowed on account of contingent liability and a sum of Rs. 1,69,124 being EPF contribution was also disallowed. The assessee raised several grounds of appeal against these disallowances. During the hearing, no one appeared on …
Decision in favour of
Assessee
Legal Issues
- 1. Erroneous addition of contingent liability of Rs. 83,46,490 by the ITO.
- 2. Confirmation of addition of contingent liability of Rs. 83,46,490 by the CIT(A).
3 more legal issues analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.