Innus Infrastructure Pvt. Ltd. Vs. DCIT
Parties Involved
Facts Summary
The present appeal is filed by Innus Infrastructure Pvt. Ltd. against the order dated 05.06.2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The assessee has challenged the appellate order on several grounds, including the determination of income, the validity of the assessment under sections 147 and 144B of the Income Tax Act, 1961, and the addition of Rs. 66,00,00,000/- as unexplained cash credit under section 68 read with section 115BBE of the Act. The assessee argues that the reopening of the assessment was barred by limitation and that the notices issued under section 148 were invalid.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the reopening of assessment under section 147 read with section 144B of the Act is valid.
- 2. Whether the notice issued under section 148 is barred by limitation.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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