ITA Nos.2997, 6441, 6442 & 6443/DEL/2026

Parties Involved

Facts Summary

The case involves four appeals by Assam Hire Purchase Company Private Limited against the Income Tax Department. The appeals pertain to disallowance of expenses and imposition of penalties for various assessment years. The assessee challenged the disallowance of expenses and penalties levied by the Department. The assessee argued that the disallowance was made without proper evidence and that the penalties were imposed without specifying the exact limb of the section under which they were levied.…

Legal Issues

• 1. Disallowance of expenses and imposition of penalties
• 2. Specification of the exact limb of the section under which penalties were levied

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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