ITA 1006/DEL/2025 & C.O.192/Del/2025
Parties Involved
Facts Summary
The case pertains to an appeal filed by the Revenue against the order passed by the Commissioner of Income Tax (Appeals) regarding the assessment order for the Assessment Year 2012-13. The Revenue challenged the deletion of additions made by the Commissioner of Income Tax (Appeals) on the grounds that the assessee company was not carrying out any real business activities and was merely used to transfer accommodation entries to the beneficiaries. The assessee filed cross-objections which were not adjudicated as the appeal of the Revenue was allowed.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the Commissioner of Income Tax (Appeals) erred in deleting the addition of Rs. 29,25,00,000/- by not appreciating the report of Investigation Wing dated 22.03.2019, which stated that the assessee company was not carrying out any real business activities and were merely used to transfer accommodation entries to the beneficiaries.
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
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