M/s Khemka Stuart Leisure Ltd. vs ACIT

Parties Involved

Facts Summary

The assessee’s appeal for Assessment Year 2005-06 arises against the CIT(A)-XXVII, New Delhi’s dated 27.11.2014, in case No. 407/13-14/CIT(A)-XXVII/2014-15, in proceedings u/s 143(3)/147 of the Income Tax Act, 1961. The assessee seeks to reverse the lower authorities’ findings in assessment order dated 30.03.2013 as well as in the lower appellate discussion initiating section 148 proceedings culminating in the addition of undisclosed income of Rs.3,84,86,000/-.…

Legal Issues

• 1. Addition of undisclosed income of Rs.3,84,86,000/-

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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