Liberty Shoes Ltd. vs PCIT
Case No: ITA No.2206/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI “A” BENCH
Date: 1/29/2026
Parties Involved
appellantLiberty Shoes Ltd.
respondentPCIT Rohtak
Facts Summary
The assessee, Liberty Shoes Ltd., is a company engaged in manufacturing and trading in footwear and accessories. The company filed its return of income for Assessment Year 2020-21 declaring a total income of INR 20,14,05,280/-. The case was selected for complete scrutiny, and the assessment order was passed on 27.03.2023 with additions totaling INR 17 crores on account of disallowance out of Royalty, INR 3,02,419/- u/s 14A of the Act, and INR 3,21,33,700/- as Long Term Capital Gain (LTCG). The P…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the order of the learned Principal Commissioner of Income Tax Rohtak is against law and facts.
- 2. Whether the order of the learned PCIT in partly setting aside the orders dt.27.3.2023 u/s 143(3) r.w.s 144B is arbitrary, illegal, void, and uncalled for.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
10 precedents cited in this judgement.