K&S Fincon Pvt. Ltd. Vs. Income Tax Officer, Ward-14(1), Delhi
Case No: ITA No.6556/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/11/2026
Parties Involved
appellantK&S Fincon Pvt. Ltd.
respondentIncome Tax Officer, Ward-14(1), Delhi
Facts Summary
The assessee filed the return of income declaring income of Rs.29,820/- on 26-10-2013 for A.Y.2013-14. The return was processed u/s 143(1) of the Act on 13-03-2014. The case was selected for scrutiny u/s 143(3) of the Act and Assessment order was passed on 14-03-2016 with assessed income of Rs.6,75,260/-. Subsequently, information was received through Insight Portal, wherein Axis Bank identified an account no. 910020029201341 in the name of M/s Zubri Fibers Pvt. Ltd. with high value transfers. D…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notice issued u/s 148 of the Act is barred by limitation.
Precedents Relied Upon
7 precedents cited in this judgement.