M/s Makam Industries Pvt Ltd Vs. The Dy. C.I.T
Case No: ITA No. 1673/DEL/2025 [A.Y. 2013-14]
Court: Income Tax Appellate Tribunal, Delhi ‘G’ Bench
Bench: Delhi ‘G’ Bench
Date: 2/6/2026
Parties Involved
applicantM/s Makam Industries Pvt Ltd
respondentThe Dy. C.I.T
Facts Summary
The assessee company filed its return of income for the Assessment Year 2013-14 declaring a total loss. A search was conducted in 2017, leading to reassessment proceedings. The Assessing Officer made an addition of Rs. 2,29,99,339/- under Section 68 of the Act. The assessee appealed against this addition, which was confirmed by the CIT(A). The assessee further appealed to the Tribunal, contending that the approval under Section 151 of the Act was invalid.…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the approval granted by the PCIT under Section 151 of the Act for reopening the assessment