M/s. Mahalakshmi Saw Mills Vs. The Income Tax Officer
Case No: ITA No. 2061/Bang/2024
Court: INCOME TAX APPELLATE TRIBUNAL, SMC-‘C’ BENCH, BANGALORE
Date: 1/16/2025
Parties Involved
appellantM/s. Mahalakshmi Saw Mills
respondentThe Income Tax Officer, Ward – 4(2)(2), Bangalore
Facts Summary
The assessee, M/s. Mahalakshmi Saw Mills, filed its return of income on 20/09/2015. The case was selected for scrutiny under CASS, and notices were issued seeking details regarding payments made to related persons and custom duty paid due to some mismatch. The assessee explained the mismatch to the Assessing Officer (AO), but the AO did not accept it and made the assessment under section 143(3) of the Act. The assessee filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)), con…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the impugned Order u/s. 250 of the Act dated 28-10-2024 passed by the National Faceless Appeal Centre, Delhi is opposed to law, facts, and circumstances of the case.
- 2. Whether the Ld. CIT(A) erred in confirming the addition of Rs.36,40,110/- on the ground that the refund claimed from the Customs Department was not Written Off.
3 more legal issues analysed in this judgement.