Lauls Private Limited vs. Assessing Officer
Case No: ITA No. 1437/Del/2026, A.Y. 2015-16
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 9/7/2026
Parties Involved
appellantLauls Private Limited
respondentAssessing Officer
Facts Summary
The assessee, Lauls Private Limited, filed its return of income for the Assessment Year 2015-16 declaring a total income of Rs. 7,50,91,500/-. The assessment was completed under section 143(3) of the Income Tax Act, 1961, at an income of Rs. 7,59,30,450/-. The case was selected for scrutiny, and a notice under section 148 was issued on 30.03.2021. The Assessing Officer made an addition of Rs. 94,58,605/- for disallowance on account of depreciation as per the provisions of Section 32 of the Act. …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the jurisdictional defects in the assessment/notice u/s 148 were ignored by the Commissioner of Income Tax (Appeals).
- 2. Whether the disallowance made by the Assessing Officer regarding the claim of depreciation on commercial vehicles was correct.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
12 precedents cited in this judgement.