M/s. Ravi Buildtech (P) Ltd. vs. DCIT/ACIT

Parties Involved

Facts Summary

The case involves a search and seizure operation conducted under section 132 of the Income Tax Act, 1961 on 18.10.2019 at the premises of M/s. Ravi Buildtech (P) Ltd. The case was centralized to the Assessing Officer/DCIT, Central Circle, Ghaziabad. An e-filing of ITR was made on 12.09.2023, and notices under section 153C were issued on 05.09.2023. The appellant filed submissions on 18.03.2024. The Assessing Officer made additions in the assessment orders dated 26.03.2024 for A.Y. 2015-16 and 29.03.2024 for A.Y. 2016-17. The appellant filed appeals against these assessment orders, which were dismissed by the Commissioner of Income Tax (Appeals). The appellant then filed appeals before the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the Commissioner of Income Tax (Appeals) erred in law and on facts in confirming the action of the Assessing Officer in passing the impugned assessment order under section 153C?
• 2. Whether the issuance of notice under section 153C of the Act dated 05.09.2023 and the subsequent assessment order after 01.04.2021 are valid?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• PRESTIGE INFRATECH PRIVATE LIMITED Vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-25, DELHI

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• Sh. Vipul Gupta Vs. DCIT, CC-2, Noida

  Delhi Bench benchAY 2013-14Allowed

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• Harjeet Singh Sahni vs DCIT, Central Circle, Ghaziabad

  Delhi Bench benchAY 2016-17Allowed