ITA No.1346,1349 & 1490/M/2024

Parties Involved

Facts Summary

The case involves appeals filed by the Assistant Commissioner of Income Tax against the orders of the Commissioner of Income Tax (Appeals) for the assessment years 2012-13 and 2015-16. The assessees, Bhagwati Developers and Shanti Enterprises, challenged the validity of notices issued under section 153A of the Income Tax Act, 1961, and the additions made to their income. The assessees argued that the notices were issued beyond the permissible period and that the additions were not supported by evidence. The tribunal considered the arguments and the evidence provided by both parties and decided the appeals.…

Legal Issues

• 1. Validity of notice under section 153A of the Income Tax Act, 1961
• 2. Additions made to the income of the assessees

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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