ITA No. 955/Del/2024
Case No: ITA No. 955/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Bench ‘G’, New Delhi
Date: 3/27/2025
Parties Involved
appellantDCIT Central Circle-8, New Delhi
respondentSMS Trading Co.
Facts Summary
The assessee, SMS Trading Co., is a partnership firm engaged as a consignment sales agent for M/s Dharam Pal Satya Pal Ltd., selling Paan Masala and other tobacco products under the brand name Rajnigandha and others in retail. A survey under Section 133A of the Income Tax Act was conducted on 08.03.2017 at the business premises of the assessee. The assessee filed its return of income on 24.10.2017 declaring a total income of Rs.4,97,78,370/- for the Assessment Year 2017-18. During the scrutiny a…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.28,63,10,588/- made by the Assessing Officer under Section 68 of the Income Tax Act was justified.
Precedents Relied Upon
2 precedents cited in this judgement.