M/s.Ashiana Manufacturing India Ltd vs. DCIT
Case No: ITA No. 2998/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/25/2026
Parties Involved
appellantM/s.Ashiana Manufacturing India Ltd
respondentDCIT
Facts Summary
The appeal arises out of the order of the ld National Faceless Appeal Centre (NFAC), Delhi dated 07.05.2024 against the order of assessment passed u/s 147 r.w.s. 144 of the Income-tax Act, 1961 dated 26.05.2023 by the Assessing Officer, NeFAC, Delhi. The main issue is whether the Learned CITA was justified in confirming the addition made in the sum of Rs 93,63,800/- under section 69A of the Act.…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of addition made under section 69A of the Act
- 2. Validity of reassessment under section 147 of the Act
Precedents Relied Upon
2 precedents cited in this judgement.